Accounting events are the bridge between business transactions in AR and AP and the subledger journal entries that record their financial effect. Events are raised automatically by database triggers whenever a transaction reaches a milestone — there is no manual step.
Funds accounts represent financial accounts retrieved from account servicing providers (banks, neobanks, payment institutions) via account information services. The FXM module models accounts with their balances, associated parties, statuses, and access consents, following Open Banking patterns for account data representation.