...
Once saved, the PreActive status will be the default value in the Status field when adding a new account.
Account / New
...
Next Steps
Contact Types Optional Configuration:
Optional: Once account status types are configured you can define the contacts types that accounts can contain. See the Contact Types Configuration Example for an example of how to setup a contact type
Currency Exchange Required Settings:
A currency exchange must be configured as an exchange is required when setting up a bill run. See the Currency Exchange Configuration Example article