Default setups

The quickest way to begin using E-conomic is to select one of the default setups. Default account setups exist for various types of sole traders, limited companies etc.

When you select a default setup, all sub-menu items from ‘Chart of accounts’ to ‘Terms of payment’ are automatically installed. After this initial selection, you will not need this function again.

After selecting a default setup, you can tailor the chart of accounts to your needs by creating new accounts and copying, deleting and editing existing accounts.

We have also created a Universal Default Setup, this also allows you to insert the VAT rate relating to your country and has a trimmed down version of a chart of accounts, to find out more click here.

To view a default chart of accounts:

1. Click ’Settings’ > ’System setup’ > ’Default setups’
2. Click the ‘View’ icon to the right
3. Return to the overview by clicking the link above the list area

To select and use a default chart of accounts:

1. Click ’Settings’ > ’System setup’ > ’Default setups’
2. Click the ‘Apply’ icon to the right
3. Confirm your selection

If you do not wish to use a default setup, you can create each account and group manually, or import an existing chart of accounts from a different accounting system.

Note: Once data has been booked to any of the accounts, it is not possible to deselect the default setup or to select a different setup.