Creating default accounts

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To decide whether you need to create a default account, see Default account type overview.

Before you create a default account, create a default account type. As you create a default account, its settings such as filter parameters and account reference names are populated from the default account type settings. For the settings description, see Creating default account types.

To create a default account:

1. Go to Accounting.
2. Under Account settings, click Default accounts.
3. In the Default accounts list, click Create.
4. In the Default account (create) window, enter or select the following:

   Field	Description
   Code	The default account ID. It is automatically generated when you save the default account. You can edit it.
   Active from	The start date of the default account validity period. If you keep the field blank, the default account is applicable on each date up to and including the date in the to field. If the to field is also blank, the default account validity period is unlimited.
   to	The end date of the default account validity period. If you keep the field blank, the default account is applicable on each date starting from the date in the Active from field. If the Active from field is also blank, the default account validity period is unlimited.
   Default account type	A default account type. As you select it, the type of accounting, chart of accounts, filter parameters, and account reference names are populated from the settings of the default account type.
   Company	A company that the default account is applicable to. To make the default account applicable to all companies, keep the field blank. A list of companies is based on the Companies catalog.
   Type of accounting	The type of accounting that the default account is applicable to. It is populated from the settings of the selected default account type for reference purposes only. If you want to change the type of accounting, select another default account type.
   Chart of accounts	The chart of accounts that the default account is applicable to. It is populated from the settings of the selected default account type for reference purposes only. If you want to change the chart of accounts, select another default account type.

5. In the Filters section, for each filter parameter, specify a value.
   The list of values depends on the filter parameter. For example, a filter parameter is Product. Then, the list of values is based on the Products catalog. You can select a product from this catalog. The default account settings will be applicable to the selected product. If you keep the value blank, the default account settings will be applicable to all products.
6. In the Accounts section, for each account reference name, specify the account associated with this name.
7. Click Save and close.

The new default account appears in the Default accounts list.

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