The Receive Account process is used to synchronize account
information in IFS Cloud with the information in a third-party financial system.
This process is applicable when the chart of accounts is
managed and owned by the third-party financial system, and IFS Cloud must receive
the updated data. When you use this process, IFS Cloud receives the account
information from the other system and then processes it automatically by either
registering a new account or updating an existing account.
If an error occurs during the process, the process also
allows you to view the error in the Financial Connector error lists.