Definition
A partner represents a counterparty involved in your accounting processes. Partners are the third parties used in accounting: customers, suppliers, and employees. They are required to post receivable/payable/payroll-related entries and to drive reconciliation flows.Purpose
- Serve as the reference entity for transactions in the accounting system.
- Maintain accurate accounting records by linking transactions to the correct accounts.
- Provide additional metadata such as contact information, payment terms, and tax information.
Relationships
- Always referenced by invoices. Possibly also in financial entries, and journal entries.
- Can have default ledger accounts for automatic posting in journal entries.