The default accounting accounts are defined on Accounts tab (Settings - General - Accounts). The picture below shows the accounts when purchase ledger is in use. When purchase ledger is not in use, there are less accounts to be defined on this tab.
NOTE! All the accounts need to be added to the Chart of Accounts before they can be selected here from the drop-down menu.
Cash discount account, Payment account, Accrued expenses account and Account for exchange rate differences are defined only when purchase ledger is in use.
Account for exchange rate differences - If the currency on the invoice is other than home currency (EUR), the exchange rate difference is posted on this account by default. When there are exchange rate differences on manual payments, the application suggests this account for them. The exchange rates are updated automatically according to the invoice date/payment date.
Salary debt account - this is entered if travel invoices are in use.
The information is saved with Save button. NOTE! You can enter information on all the different tabs in general settings before clicking Save.