Default Posting Accounts

Default Posting Accounts

Default Posting Accounts​

These accounts are used in various situations in the software and may be changed on individual documents.

Set the following default posting accounts to use when another account has not been specified:

  • Bank
  • Undeposited Funds
  • Sales
  • Cost of Goods Sold (COGS)
  • Expense
  • Inventory
  • Tax Payable
  • Shipping Income
  • Discounts and Allowances
  • Exchange gain or loss
  • Other current liability
  • Inventory Received Not Yet Billed

To select the account, choose it from the drop-down list. If the account does not exist, it may be created by choosing show all from the drop down list and clicking Create.


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