Overview

An account contained within the business entity’s chart of accounts.

An Account is a record in an accounting system that tracks the financial activities of a specific asset, liability, equity, revenue, or expense. These records increase and decrease as transactions occur throughout the accounting period. The aggregation of each Account object is often referred to as the Chart of Accounts.

• Unified account properties: The model unifies essential account details, such as name, description, currency, and current balance, making it easier to work with account data from different platforms.
• Hierarchical structure: Accounts can be linked to parent accounts using the parent_account_id, enabling the representation of complex account structures and relationships.
• Categorisation and status: The model supports account categorisation with main categories(asset, liability, equity, revenue, or expense) and subcategories, as well as tracking account status for better organisation and reporting.

Properties Supported

Property	Type	Description
platform_id	string	The Platform’s ID to identify this account
currency_id	string	The platform’s ID of the currency for the account
business_unit_id	string	The platform ID of the business / subsidiary associated with the account
name	string	The name of the account
description	string	Description of the account
nominal_code	string	Reference given to each account for a business. It ensures money is allocated to the correct account.
current_balance	float	Current balance of the account
status	enum	The status of the account. Values are: ACTIVE, ARCHIVED, UNKNOWN
category	enum	The category of the account. Values are: ASSET, EXPENSE, LIABILITY, EQUITY, INCOME, UNKNOWN
sub_category	string	The sub category of the account
parent_account_id	string	The platform ID of the parent account
updated_at	date	The date at which the information was updated on the accounting platform

Expandable Attributes

You can expand the following attributes to get the related data

Property	Data Model	Description
currency	Currencies	The currency of the account
parent_account	Accounts	The parent account of the account

The Account Response Object

{
  "platform_id": "1234567890123456789",
  "currency_id": null,
  "business_unit_id: "1",
  "name": "Professional Services Account",
  "description": "Account for professional consulting services",
  "nominal_code": "A0123",
  "current_balance": 5000.0,
  "status": "ACTIVE",
  "category": "EXPENSE",
  "sub_category": "other_expense",
  "parent_account_id": null,
  "updated_at": "2023-11-05T14:30:00.000Z"
}