What is a payment account?

A payment account is any account that you use to deposit funds or to spend money. This may include bank accounts, credit cards, or lines of credit.

You can create payment accounts in your Chart of Accounts. Learn how to add a new account or category. If you connect your bank for transaction imports, you can choose a payment account to import to or import to a new account in your Chart of Accounts.

Automatic bank transaction imports are part of Wave’s Pro Plan. Learn more about Wave’s plans or how to subscribe.