The Cyclos account structure is entirely dynamic. This means that accounts can be created and configured from scratch.

Accounts in Cyclos can be either of the type "System" or "Member". Both types are related to a currency and can contain units that can be transferred to and from other accounts (if transaction types between these accounts exist).

If a new account with the type "Member" is created it is just an empty account type and cannot be accessed by members. In order to enable a member account an administrator will have to enter a member product and associate the new account to the product. By doing this all members with that product will have such a member account. Even though there is one member account configured each member will have their own account balance and their own payments.

Members can have zero, one or more related member accounts, and make payments between their own accounts, to other member accounts and to system accounts. A member account can have a generic name visible for all account owners, for example, 'checking account'.

It is also possible to generate a unique account number per member.

Contrary to a Member account a System account is a single 'stand alone' account, it will just have one account balance for example. A system account is not directly associated with specific users but administrators can be given permissions (defined in a product) to make payments from the account to other system or member accounts.

My Basic Network

In this lesson, we are creating two types of accounts: the trade account and the savings account. We will also create the necessary transfer types to enable transfer of currencies between accounts.

We will assign the savings account to Gold members only, so they will be able to set aside amounts.

Accounts

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