Parties

A party is a customer, a supplier, or both. Create them from Common → Parties, or inline while writing a transaction.

Roles

A party marked as a customer can be selected on sales invoices; one marked as a supplier appears on purchase invoices. A party can be both.

Fields

Only the name is required. The rest carry defaults onto transactions:

• Address — printed on invoices
• Tax ID — printed where your template includes it
• Currency — bill this party in a currency other than your company’s
• Default account — override the standard receivable or payable account
• Credit limit — warn when a customer exceeds it

Balances

The outstanding balance for a party is the sum of their submitted, unpaid invoices. Filter the general ledger by party to see how a balance was arrived at.