Define a default financial account

OnBalance has a default financial account that represents your cash in hand account. Initially, this is the default financial account that will be used for sales, bills, expenses, and deposits to specify where the money is going to or coming from. You can change the default financial account as needed.

  1. From the company setup menu, choose Financial Accounts.
  2. Click New Account, or click the account in the list that you want to make the default financial account.
  3. In the panel that opens, enter the required information.
  4. To make this account the default financial account for all transactions, mark the Make default account checkbox.

    Notes

    • OnBalance requires at least one financial account. In order to delete or inactivate the default financial account, you must define a new default financial account.
    • You can have only one default account at a time. If you mark the Make default account checkbox in a new financial account, the same checkbox in the previous default account will be cleared.
  5. Click Save.