Creating New Account

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Cash and Bank Transfer are the default accounts on Akaunting. Every Invoice, Bill, or Transaction is recorded in Cash or Bank Transfer.

Creating New Account:

  • Go to Banking on the Navigation Menu.
Creating New Payment Account
  • Select Accounts from the dropdown options.
  • On the Accounts page, Click on New Account at the top right corner.
  • Define the Account type – Bank or Credit Card (Use the credit card option for a negative opening balance)
Creating New Payment Account: Define Account type when adding a payment account

For Bank account type:

  • Enter the required details – General (Name, Account Number, Currency, and Starting Balance) and Bank (Name, Phone, and Address).
Adding a bank account for payment account
  • Decide whether you want the account to be your default.
  • Then, Save.

Please note that when creating a Credit Card account, you cannot set it as Default Account.

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Creating New Account

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