In the window Accounting settings you have access to all accountancy-related settings for the active company database as well as some settings relating to the transfer of accounting data from other modules.
The Accounting year and Current period can be changed according to your needs. Any changes will affect all journals that are entered, both for direct journal entry and for automatic entries using the sales/invoicing and purchasing modules.
Note! If you have selected Period given by date in the user settings for the Journal Entry module, this setting will override the current period and financial year defined in the Accounting settings.
The First month of accounting year is usually January. If your accounting year deviates from this, you can change it. You cannot edit this field if you have invoiced or posted journal entries in the new accounting year.
The default No. of VAT periods is 6 in Ireland (one every second month). If the accounts follow other reporting routines (in other countries), this can be altered here.
You can also customise the accounting module by defining the user settings for Financials and Journal Registration.
Read more about the User Settings for Journal Entry
Read more about the User Settings for Financials
The Tabs
The main contents of the Accounting settings are in the tabs. Here there are many options for user customisation, as well as an overview of nearly all the N/Cs and journal types which all the modules in the system use.
Periods |
Here, you can see which periods and associated VAT periods are closed in the accounts, when the period was closed and which user carried out the period closure. You cannot make any changes in this tab; it only provides an overview. Read more about Period End |
Module Settings |
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Use the Module Settings tab to define default settings for the different accountancy modules. The settings you define applies to all company database users. |
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Accounting Settings |
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You can define several settings on the Accounting Settings tab. |
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Customer & Supplier Ledger |
All settings pertaining to the customer and supplier ledgers can be found on the Customer & Supplier Ledger Tab. |
Notes |
You can enter notes about the accounts here. |
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