Salesforce accounts are used to store information about customers or the entities you are working with, such as companies, colleges,
schools, hospitals, government agencies, or individuals.
For example, if you’re storing information about a company, you will like to include its name, location, a contact person, orders, and other related information. You can also keep a log of phone calls or service requests.
Account store the information about the company such as name, location, website etc as a stored records. All the information which is related to the account, such as a contact person, notes, and orders, is stored in other types of records. Salesforce makes it easy to find all the records related to each account by listing them on the account record’s home page. It is easy to find all the related records of an account in Salesforce by listing them on the account record’s home page.
From the Accounts tab, you can locate, create, delete, sort, and filter the account records. Click an account to view its record home page and access other records related to that account. The record can be edited from here.
Salesforce accounts are business accounts by default.
Business accounts stores the information about the comapanies or other entities. If you’re doing business with a single person, then Salesforce administrators can choose to set up a person account which stores the information about individual person.
Person accounts is used to store information for the individual person . It is best for your customer if they are online shoppers, gym members, vacation travellers, or other individual consumers.
Contacts are those people who are associated with the business accounts that needs to be tracked in Salesforce. For each contact, you can store various kinds of information, such as phone numbers, addresses, titles, and roles. The Contacts tab lets you quickly create and locate contacts, as well as sort and filter contacts using standard and custom list views. This tab can be used to view and edit detailed information for each contact that is accessible.