Core concepts

Payers

A payer refers to an individual or entity that provides you with payment for services rendered or goods provided. For instance, you might have a payer for your full-time employment and another for freelance projects. It's important to note that you can only link incoming payments to a payer; expenses cannot be attributed to a payer since they represent outflows of money.

You are not restricted in the number of payers you can establish. Feel free to set up as many as necessary. By doing so, you can efficiently organize your income streams and easily monitor the amount of money you're receiving from each source.


How to create a payer

To add a new payer:

  1. Click on Resources in the top right corner, which opens a dialog box
  2. From the list of options, choose Payers, then Create payer...
  3. A new dialog will appear, allowing you to create the payer

You should know!

You cannot have two payers with the same name in the same space.

How to edit a payer

To modify a payer:

  1. Click on Resources in the top right corner, which opens a dialog box
  2. From the list of options, choose Payers
  3. Next to the payer's name, click the action menu, select Update
  4. Here, you can change the payer's name.

How to delete a payer

To delete a payer:

  1. Click on Resources in the top right corner, which opens a dialog box
  2. From the list of options, choose Payers
  3. Next to the payer's name, click the action menu, select Delete
  4. A summary will then be displayed, detailing the payer resources that will be permanently removed upon confirmation.

What happens when I delete a payer?

Deleting a payer permanently removes all associated data, including transactions. This action is irreversible, so ensure you are certain before proceeding with the deletion.

You should know!

Deleting a payer will also remove all associated transactions, as they cannot exist without a payer. To prevent data loss, you have the option to reassign these transactions to a different category during the deletion confirmation process.

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Payees