Default Account

Default accounts are filled in automatically when you create a transaction, so you do not pick them every time. You can still change them on the transaction. Path: Settings > Preference > Default Account.

Vendor

1. Purchase – AP Account and Discount Account.
2. Purchase Return – AP Account and Discount Account.
3. Purchase Payment – Payment Account (for example Cash in Bank) and Discount Account.
4. Cash Expense – Account (for example Petty Cash).

Stock

1. Stock Part & Stock Assemble – Asset Account, COGS Account, and Revenue Account.
2. Service – Service Account. Tick Use Purchase And Sale Account to set a Revenue Account and an Expense Account instead.
3. Stock Issue – Account.
4. Stock Adjustment – Account.

Customer

1. Invoice – AR Account and Discount Account.
2. Sale Return – AR Account and Discount Account.
3. Collection – Deposit Account and Discount Account.
4. Sale Receipt – Deposit Account and Discount Account.

Account

1. Bank Deposit – Deposit Account.