Client account

Holds details of organisations from whom you purchase goods/service and to whom you supply goods/services.

They do not fit into the category of either debtor or creditor.

One month, if the account balance is credit, you might need to raise a payment and print a remittance or cheque.

The next month, if the account balance is debit, you might need a statement to be printed for the same account.

Note: Reference to a debtor/receivables account indicates a debtor account or a client account with a debit balance, while reference to a creditor/payables account indicates a creditor account or a client account with a credit balance.