Set Service Login for Windows Service

An exception occurred during the Install phase.
System.ComponentModel.Win32Exception: The account name is invalid or does not exist, or the password is invalid for the account name specified

Set Service Login for Windows Service
I was busy setting up a windows service when I got to the 'Set Service Login' dialog box. I entered the details of the local account that I created to run as a service and received the following error: “System.ComponentModel.Win32Exception: The account name is invalid or does not exist, or the password is invalid for the account name specified”

Very simple error I made, but maybe it can help someone else :)
If you created a network account, in the Username field, you have to enter the domain name and the username using the format \. If you created a local account, in the Username field, enter the computer name and the username using the format \.