Step-by-Step Guide to Creating a Sub-Account

Step-by-Step Guide to Creating a Sub-Account

Overview of Sub-Accounts
  1. Expense Sub-Accounts: These accounts allow businesses to receive payments, make transactions directly from the sub-account, and transfer funds to their primary account. They offer full transaction capabilities.
    Collection Sub-Accounts: These accounts are limited to receiving payments only. Businesses can transfer funds from the collection sub-account to their primary account, but cannot make direct transactions from the account.
Each sub-account will have its own unique details to facilitate receiving payments. If your business needs to create more than 10 sub-accounts, please contact Earnipay support at business@earnipay.com to request additional accounts.

Step-by-Step Guide to Creating a Sub-Account
  1. Step 1: Log In to Your Business Account
    Start by logging into your Earnipay business account using your credentials.

  2. Step 2: Access the Sub-Accounts Menu
    On the sidebar, navigate to the “Account” menu. Under this, you will find a sub-menu labeled “Sub-Accounts.”
    Click on the “Sub-Accounts” menu.

  3. Step 3: Click on 'Create New Account'
    On the account screen, locate the “Create New Account” button. This button is your starting point for setting up a new sub-account.
    Click on the “Create New Account” button to proceed.

  4. Step 4: Enter Account Details
    A modal will appear, prompting you to enter the necessary details for the new sub-account:
    Account Name: Enter a name for the sub-account. Note that this name will have your primary account name as a prefix.
    Account Type: Select the type of sub-account you want to create. You can choose either “Expense” or “Collection” depending on your business needs.

  5. Step 5: Create the Sub-Account
    After entering the account name and selecting the account type, click on the “Create” button.
    The system will automatically set up your new sub-account with the specified details.

  6. Step 6: Access and Manage Sub-Accounts
    All your created sub-accounts will be accessible from the “Accounts” table within the Earnipay business platform.
    From this table, you can view the details of each sub-account, track transactions, and manage transfers between sub-accounts and the primary account.

  7. Additional Notes
    Limit of Sub-Accounts:
    You can create up to 10 sub-accounts by default. For additional sub-accounts beyond this limit, contact Earnipay support at business@earnipay.com.
    Account Management: Each sub-account functions with specific capabilities depending on whether it is set as an expense or collection account, making it easier to manage different financial streams within your business.

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