Default Payment Account Hierarchy

The following is the hierarchy that NetSuite uses for its default payment account:

1. Payment Method
2. Note: This can be found in Setup > Accounting > Accounting Lists > Type: Payment Method

• If Deposit To is marked, either:
• Undeposited Funds, or
• Specific Account selected
• If no Account is selected, it will default to Settlement Bank Account
• Note: Settlement Bank Account can be found in Setup > Accounting > Payment Processing Profile.

1. Accounting Preference
2. Note: This can be found in Setup > Accounting > Accounting Preference > Item/Transactions > Default Payment Account.
3. Undeposited Funds