Today's tutorial is about setting up the general ledger setup. This configuration is essential due to its impact on various parts of the ERP.
To proceed with the setup, go on the following menu:
Main Menu --> Department --> Financial Setup --> Setup --> General Ledger Setup
Allow Posting From | Enter when the user can post transaction |
Allow Posting To | Enter till when the user can post transaction |
Register Time | This field allows a user to register time on the system |
Local Address Format | Enter the format of the employer local address |
Local Cont. addr format | Always select after company name |
inv. rounding precision (LCY) | This will show the rounding of amount for invoices |
inv. rounding type (LCY) | Always choose nearest |
Amount rounding precision (LCY) | Rounding of amount in the system |
Amount decimal places (LCY) | Specify the decimal place for amount |
Unit-amount rounding precision (LCY) | Rounding of unit amount in the system |
Unit-amount decimal places (LCY) | Specify the unit amount decimal places |
Allow G/L Acc deletion before | If you want to prevent delete a G/L as from a date |
Check G/L Acc Usuage | This will check if the G/L has been used before deletion |
EMU currency | This will convert any amount to EUR currency |
LCY Code | Enter the local currency code |
Local currency symbol | Enter the symbol of the local currency |
Local currency description | Enter the description of the local currency |
pmt. disc excl VAT | Exclude VAT on payment discount |
Adjust for payment disc | Adjustment on payment discount |
Unrealised VAT | If you wish to post VAT amount to a temporary account first then when the transaction is completed the amount will be transfer to the VAT account |
Prepayment unrealised VAT | If you wish to post prepayment VAT to a temporary account first then after completing the transaction the amount will transfer to the prepayment VAT account |
Max vat difference allowed | This will show you the range allow to change vat amount in invoices |
Tax invoiced renaming threshold | Let the threshold amount be 0.00 |
Vat rounding type | Specify the vat rounding type |
Bank Account Nos | No series for bank account number |
Bill-to / Sell-to vat calc | VAT will be calculated on bill-to or sell-to |
Print vat specification on LCY | If this field is checked, the system will set the vat amount in local currency |
use legacy G/L Entry locking | This field lock the G/L entry table when posting date, this prevent data mixing. |
show amount | Set this to amount only |
Setting up global dimension
Dimension is used for analytical analysis
Enter the global dimension 1 and global dimension 2 then click on the button start.
Setting up shortcut dimension code
Enter the dimension directly.
I hope that this tutorial has been of help to you. Follow me for more tutorials.
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