An Organization in MoneyHash represents your business. It's our representation of your company inside the MoneyHash environment. You can have as many different accounts as you require inside your organization.
An Account in MoneyHash represents a distinct entity within your financial ecosystem. It could be a business unit, a subsidiary, or any entity that requires separate financial management. Each Account is an isolated entity with its own set of connected providers, Payment Defaults, flows, and risk rules.
Accounts help you:
- Separate financial data: Keep financial data, transactions, and reports distinct for each entity or business unit, ensuring data privacy and accuracy.
- Streamline workflow: Customize financial processes, payment methods, and risk management settings independently for each Account, optimizing efficiency.
- Enhance security: Isolate financial operations to prevent unauthorized access to sensitive data.
MoneyHash provides an easy way to connect payment providers and accept payments in multiple currencies. When you connect an account to a provider, that provider can support multiple currencies through its payment methods. This means that that account can accept payments for multiple currencies, allowing you to choose the currency you prefer.
If you want to know which providers are connected to each account, you can do so through the dashboard:
- Access Providers.
- Select Connected Provider.
- Choose the desired account in the Account filter.
You can utilize different accounts for various purposes tailored to your company's needs. For instance, you can employ them to differentiate between:
Geographic locations: Streamline financial management by categorizing transactions and revenue streams according to specific geographic locations.
Platforms: Organize your finances by separating transactions related to different online platforms or sales channels.
Sub-merchants: Create accounts representing sub-merchants or partners to manage their transactions independently.
Testing purposes: Set up dedicated accounts for testing and development to ensure your payment processes are thoroughly tested without affecting live transactions.
Using accounts in these ways enhances your financial organization and enables you to efficiently manage and analyze various aspects of your business.
The following are the fields that you can edit within each account:
- Account Name: Modify the name of your account.
- Company Details: Update the details that show on invoices, payment links, and different pages. This includes the company name, address, phone number, and email address.
- Tax Number: Specify a tax number for your account (optional).
- Taxes: Set the tax percentage for your account (applies only to new invoices).
- Email Settings: Enable transaction receipt emails and customize the reply-to email address and name used in receipt emails.
Updated 3 months ago