diff --git a/src/components/pages/finance/add/FormFinanceAdd.tsx b/src/components/pages/finance/add/FormFinanceAdd.tsx
index f7fdf446..c835740e 100644
--- a/src/components/pages/finance/add/FormFinanceAdd.tsx
+++ b/src/components/pages/finance/add/FormFinanceAdd.tsx
@@ -188,6 +188,8 @@ const FormFinanceAdd = ({
               value={formik.values.party_type_option}
               onChange={(value) => {
                 formik.setFieldValue('party_type_option', value);
+                formik.setFieldValue('party_id_option', null);
+                formik.setFieldValue('party_account_number', '');
               }}
               isError={Boolean(
                 formik.touched.party_type_option &&
diff --git a/src/components/pages/finance/add/initial-balance/FormFinanceAddInitialBalance.tsx b/src/components/pages/finance/add/initial-balance/FormFinanceAddInitialBalance.tsx
index aa185647..f8fd51d5 100644
--- a/src/components/pages/finance/add/initial-balance/FormFinanceAddInitialBalance.tsx
+++ b/src/components/pages/finance/add/initial-balance/FormFinanceAddInitialBalance.tsx
@@ -189,6 +189,8 @@ const FormFinanceAddInitialBalance = ({
               value={formik.values.party_type_option}
               onChange={(value) => {
                 formik.setFieldValue('party_type_option', value);
+                formik.setFieldValue('party_id_option', null);
+                formik.setFieldValue('party_account_number', '');
               }}
               isError={Boolean(
                 formik.touched.party_type_option &&