GRAVITY’s Virtual account management solution provides an easy method of organizing balances and transactional information within a traditional “physical” bank account. Virtual account management creates unique identifiers that can be configured as a clearing-recognized account numbers and using them to allocate transactions to discrete subledgers within a physical account. This way, an incoming or outgoing payment simultaneously posts to the “master” physical account and to the relevant virtual account. An opening and closing balance is also calculated for each virtual account, giving them the same reporting granularity as a physical account, but all within one account. Each individual virtual account provides the same segregation of data, balance analysis, and transaction identification that a physical account can.