Manage Default Posting Accounts

Overview

Default Accounts are the grouping of accounts that will be used during posting of transactions i.e. your sales, purchases, inventory, receivables, payables and others to the General Ledger to keep track of the activities of these accounts.

Assign Default Accounts

Steps

1. From the Accounting Module, select Setup > Default Accounts. The Default Accounts form will display.
   
   
   
   
2. Assign the account codes to each posting account accordingly and make sure to fill in all of the fields.
   
   
3. Save the details before closing the form.

Select Where the Sales Analysis Will be Based On

The Accounting Preferences includes an option to choose where the sales analysis will be based on, if on the Default Accounts, Inventory Category, Inventory Item or Customers. It also allows you to split your analysis by warehouse.

See Also: Accounting Module Preferences