diff --git a/client/src/containers/Expenses/ExpenseForm.js b/client/src/containers/Expenses/ExpenseForm.js
index f319d0386..f5543642a 100644
--- a/client/src/containers/Expenses/ExpenseForm.js
+++ b/client/src/containers/Expenses/ExpenseForm.js
@@ -56,13 +56,13 @@ function ExpenseForm({
 
   // #withSettings
   baseCurrency,
+  preferredPaymentAccount,
 
   // #own Props
   expenseId,
   onFormSubmit,
   onCancelForm,
 }) {
-
   const [payload, setPayload] = useState({});
 
   const history = useHistory();
@@ -148,7 +148,7 @@ function ExpenseForm({
 
   const defaultInitialValues = useMemo(
     () => ({
-      payment_account_id: '',
+      payment_account_id: parseInt(preferredPaymentAccount),
       beneficiary: '',
       payment_date: moment(new Date()).format('YYYY-MM-DD'),
       description: '',
@@ -410,7 +410,8 @@ export default compose(
   withDashboardActions,
   withMediaActions,
   withExpenseDetail(),
-  withSettings(({ organizationSettings }) => ({
+  withSettings(({ organizationSettings, expenseSettings }) => ({
     baseCurrency: organizationSettings?.baseCurrency,
+    preferredPaymentAccount: expenseSettings?.preferredPaymentAccount,
   })),
 )(ExpenseForm);
diff --git a/client/src/containers/Settings/withSettings.js b/client/src/containers/Settings/withSettings.js
index 68588c579..d775e9c43 100644
--- a/client/src/containers/Settings/withSettings.js
+++ b/client/src/containers/Settings/withSettings.js
@@ -11,6 +11,7 @@ export default (mapState) => {
       receiptSettings: state.settings.data.salesReceipts,
       invoiceSettings: state.settings.data.salesInvoices,
       itemsSettings: state.settings.data.items,
+      expenseSettings: state.settings.data.expenses,
     };
     return mapState ? mapState(mapped, state, props) : mapped;
   };
diff --git a/server/src/data/options.js b/server/src/data/options.js
index 1f369748d..ff9149027 100644
--- a/server/src/data/options.js
+++ b/server/src/data/options.js
@@ -92,6 +92,10 @@ export default {
       key: "number_prefix",
       type: "string",
     },
+    {
+      key: "preferred_deposit_account",
+      type: "number",
+    },
   ],
   sales_invoices: [
     {
@@ -127,4 +131,10 @@ export default {
       type: "number",
     },
   ],
+  expenses: [
+    {
+      key: "preferred_payment_account",
+      type: "number",
+    },
+  ],
 };