Overview

'Accounts' is where a Director/Manager (SME) or Account Owner (CONSUMER) must create their first account after completing the onboarding process in SME and CONSUMER in order to operate within the platform. From the creation of the account, a Director or Account Owner will have the option to make payments, create expenses, and issue cards.

Requirements

The main functionality to be done by 'Accounts' mainly consists of account creation for different currencies, Multi-Accounts, and also Multi-Currencies (if that is the case regarding the BaaS to work with), making payments from accounts, seeing account details, seeing transactions on an account, and balance statements.

Prerequisites

Prerequisite	Explanation
Only a Director or Manager in SME can create a new account	The roles of Director or Manager can create new accounts and review them. Accountants also have access, but read-only permission. Employees cannot see 'Accounts'.
Only an Account Owner in CONSUMER can create a new Account	The role of Account Owner can create new accounts and review them. Cardholders cannot see 'Accounts'.

FAQs

Q: Can a user such as an employee or cardholder view 'Accounts'?

A: No, 'Accounts' are only visible and can be managed by Directors or Account Owners. An employee can only review their own expenses and cards.

Terms you Need to Know

Word	Definition
Account	Account ledger: can be physical or virtual
Physical ledger	Main account: can potentially hold virtual ledgers
Virtual ledgers	"Child" accounts based on a "parent" physical ledger