A Virtual Account is a pass-through account linked to a real bank account acting as a layer, specifically used to improve inward payment reconciliations. When a business receives payments from multiple sources and over a period of time, it gets difficult to track who paid and for which reason. This is usually reconciled manually by matching reference numbers in the bank statements with screenshots provided by a payer. By creating multiple virtual accounts mapped to the same account, it becomes possible to reconcile different incoming transactions into a bank account. With Cashfree Auto Collect's cash management services, you can generate any number of virtual accounts or UPI IDs for each payer or invoice and share a/c details while receiving payments. For repeated customers you can use a dedicated virtual account or UPI ID.