Cash Account
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Cash Account is a mandatory account but does not have to be used if not required. Its purpose is to ensure accuracy of categorizing transactions. e.g. Some people prefer to withdraw a fixed amount out of their Current Account each week and live off the cash, this make the categorizing of the cash spent difficult to track. A better way would be to Transfer the cash from say the Current Account & then debit the Cash Account as the money is spent.

See Current Account & Manage Accounts Overview