Creating Account Records from Contacts

Creating Account Records from Contacts

Hi, I am new to Zoho CRM and would like to know if there's a way to automate the creation of Account Record when the Contact is created? I have a system that uses the Zoho Webform to create contacts (since no webform available for Accounts) when successful payment from Paypal. When the Contact is created in Zoho CRM, I want a corresponding Account Record created as well for this particular Contact Record.
 
Is there a way to do that and how? Thanks.