Bank Account Subtype
Overview
Bank Account Subtype – Business Overview
Bank Account Subtype is a simple but important classification tool in Dafater that helps businesses organize and manage their bank accounts more effectively. It allows you to define meaningful sub‑categories under your main bank account types, making financial records clearer and more useful for daily operations and reporting.
What Bank Account Subtype Is Used For
In business operations, Bank Account Subtype is used to:
- Categorize bank accounts based on their specific purpose or nature
- Improve clarity when managing multiple bank accounts
- Support better financial tracking, reporting, and decision‑making
For example, a business may have multiple current accounts, savings accounts, or escrow accounts. Bank Account Subtype helps distinguish between them in a structured and business-friendly way.
Prerequisites and Setup Requirements
Before using Bank Account Subtype, the business should:
- Have a clear understanding of how bank accounts are structured internally
- Decide on standard naming conventions for different subtypes (e.g., Payroll Account, Tax Account, Collection Account)
- Ensure alignment with accounting, treasury, or finance team practices
This setup is typically done once and reviewed periodically as banking arrangements evolve.
Typical Workflow and Business Fit
The usual business flow is:
1. Finance or accounting leadership defines required bank account subcategories
2. Bank Account Subtype records are created to reflect these categories
3. When bank accounts are set up in Dafater, the appropriate Bank Account Subtype is selected
4. Day‑to‑day transactions and reporting automatically benefit from this classification
This ensures consistency across teams and avoids confusion when dealing with multiple bank accounts.
Key Business Scenarios Where It Is Essential
Bank Account Subtype is especially valuable in situations such as:
- Companies managing multiple bank accounts for different purposes
- Organizations separating operational funds, payroll funds, and statutory funds
- Businesses that require clearer audit trails and financial transparency
- Groups or entities operating across multiple banks or regions
In these scenarios, subtypes make financial oversight simpler and more reliable.
Important Considerations for Users
- Keep the list of Bank Account Subtypes concise and meaningful
- Avoid creating overlapping or ambiguous subtypes
- Review subtypes periodically to ensure they still reflect business reality
- Ensure all relevant users understand how and when to use each subtype
When used thoughtfully, Bank Account Subtype strengthens financial organization in Dafater without adding complexity.
Basic Information
- Module: Accounts
- Document Type: Other
Fields
| Field Name | Label | Type | Required | Options | Description |
|---|---|---|---|---|---|
| account_subtype | Account Subtype | Data | - | Defines specific bank account category used for classification in Dafater |
Permissions
| Role | Read | Write | Create | Delete | Submit | Cancel |
|---|---|---|---|---|---|---|
| Accounts User | ✓ | ✓ | ✓ | ✓ | ||
| System Manager | ✓ | ✓ | ✓ | ✓ | ||
| Accounts Manager | ✓ | ✓ | ✓ | ✓ |
Related DocTypes
| DocType | Relationship | Module |
|---|---|---|
| Bank Account | Linked from | Accounts |