{"id":671,"date":"2023-04-07T12:57:57","date_gmt":"2023-04-07T09:57:57","guid":{"rendered":"https:\/\/akaunting.com\/hc\/docs\/banking-feeds-and-reconciliations\/creating-a-new-payment-account\/"},"modified":"2025-02-19T16:08:27","modified_gmt":"2025-02-19T13:08:27","slug":"creating-new-account","status":"publish","type":"docs","link":"https:\/\/akaunting.com\/hc\/docs\/banking-feeds-reconciliations\/creating-new-account\/","title":{"rendered":"Creating New Account (Bank and Credit Card)"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Cash<\/strong> and <strong>Bank Transfer<\/strong> are the default Payment accounts on Akaunting. Every invoice, bill payment, or transaction is recorded as <strong>Cash<\/strong> or <strong>Bank transfer.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To create a new Payment Account:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"#bankaccount\">Bank Account<\/a><\/li>\n\n\n\n<li><a href=\"#creditcardaccount\">Credit Card Account<\/a><\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"bankaccount\"><strong>Bank Account<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Go to <strong>Banking<\/strong> on the Navigation Menu.<\/li>\n\n\n\n<li>Select <strong>Accounts<\/strong> from the dropdown options.<\/li>\n\n\n\n<li>Click on <strong>New Account<\/strong> at the top right corner of the Accounts page.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"327\" src=\"https:\/\/assets.akaunting.com\/hc\/2023\/04\/17174707\/image-72-1024x327.png\" alt=\"Add New Account\" class=\"wp-image-3386\" srcset=\"https:\/\/assets.akaunting.com\/hc\/2023\/04\/17174707\/image-72-1024x327.png 1024w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/17174707\/image-72-300x96.png 300w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/17174707\/image-72-768x245.png 768w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/17174707\/image-72-1536x490.png 1536w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/17174707\/image-72.png 1856w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Define the Account type &#8211; <strong>Bank<\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"684\" src=\"https:\/\/assets.akaunting.com\/hc\/2023\/04\/17174741\/image-73-1024x684.png\" alt=\"Define Account Type\" class=\"wp-image-3387\" srcset=\"https:\/\/assets.akaunting.com\/hc\/2023\/04\/17174741\/image-73-1024x684.png 1024w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/17174741\/image-73-300x200.png 300w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/17174741\/image-73-768x513.png 768w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/17174741\/image-73.png 1432w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Enter the required details &#8211; <strong>General <\/strong>(Name, Account Number, Currency, and Starting Balance)<\/li>\n\n\n\n<li>Use the Default Account Toggle Button to set the New Account as Default.<\/li>\n\n\n\n<li><strong>Enter the Bank Details: <\/strong>Bank Name, Phone Number and Address<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"541\" src=\"https:\/\/assets.akaunting.com\/hc\/2023\/04\/17174823\/image-74-1024x541.png\" alt=\"Enter bank details\" class=\"wp-image-3388\" srcset=\"https:\/\/assets.akaunting.com\/hc\/2023\/04\/17174823\/image-74-1024x541.png 1024w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/17174823\/image-74-300x158.png 300w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/17174823\/image-74-768x406.png 768w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/17174823\/image-74.png 1310w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Then, <strong>Save<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"creditcardaccount\"><strong>For Credit Card Account:<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><code><em>Use the credit card option for a negative opening balance<\/em><\/code><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Define the Account type &#8211; <strong>Credit Card<\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"521\" src=\"https:\/\/assets.akaunting.com\/hc\/2023\/04\/17174923\/image-75-1024x521.png\" alt=\"Define the Account type - Credit Card\" class=\"wp-image-3389\" srcset=\"https:\/\/assets.akaunting.com\/hc\/2023\/04\/17174923\/image-75-1024x521.png 1024w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/17174923\/image-75-300x153.png 300w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/17174923\/image-75-768x391.png 768w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/17174923\/image-75.png 1218w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Enter the required details &#8211; Name, Account Number, Currency, and Starting Balance (unlike the Bank Account type, you can have a negative starting balance).<\/li>\n\n\n\n<li><strong>Enter the Bank Details: <\/strong>Bank Name, Phone Number and Address<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"590\" src=\"https:\/\/assets.akaunting.com\/hc\/2023\/04\/17175009\/image-76-1024x590.png\" alt=\"Credit Card Account Bank Details\" class=\"wp-image-3390\" srcset=\"https:\/\/assets.akaunting.com\/hc\/2023\/04\/17175009\/image-76-1024x590.png 1024w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/17175009\/image-76-300x173.png 300w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/17175009\/image-76-768x443.png 768w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/17175009\/image-76.png 1256w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Then, <strong>Save<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><code><em>Please note that when creating a Credit Card account, you cannot set it as Default Account.<\/em><\/code><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><em>Check out: <strong><a href=\"https:\/\/akaunting.com\/hc\/docs\/banking-feeds-reconciliations\/managing-accounts\/#addingpayment\">Adding Payment to Accounts<\/a><\/strong><br><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cash and Bank Transfer are the default Payment accounts on Akaunting. Every invoice, bill payment, or transaction is recorded as Cash or Bank transfer. To create a new Payment Account: Bank Account For Credit Card Account: Use the credit card option for a negative opening balance Please note that when creating a Credit Card account, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":668,"menu_order":1,"comment_status":"open","ping_status":"closed","template":"","doc_tag":[],"class_list":["post-671","docs","type-docs","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs\/671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs"}],"about":[{"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/types\/docs"}],"author":[{"embeddable":true,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/comments?post=671"}],"version-history":[{"count":8,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs\/671\/revisions"}],"predecessor-version":[{"id":3396,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs\/671\/revisions\/3396"}],"up":[{"embeddable":true,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs\/668"}],"wp:attachment":[{"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/media?parent=671"}],"wp:term":[{"taxonomy":"doc_tag","embeddable":true,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/doc_tag?post=671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}