Tips and Tricks

Setting Default Bank Accounts in Quickbooks

Quickbooks is a handy tool for keeping your business’s finances under control, but Quickbooks is not a solution; it is a tool. The Accounting Pro is here to help you get a handle on that tool so that you can get a handle on your business’s future.

In the Preferences section under Checking QuickBooks lets the user define separate default accounts for the following activities:


As a “Company Preference” you can select the bank account to use for creating paychecks and paying payroll liabilities:

As a “My Preference” you can select the bank account to use for writing checks, paying sales taxes, paying bills, and making deposits:         


Note: There is no functionality to set a default bank account for the Register. 

If you have more questions about QuickBooks or you’re looking for new techniques to address the financial planning needs of your business, then contact the Accounting Pro today! We offer expertise in small business accounting and small business financial planning throughout Maryland and beyond.