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Accounting Module Preferences
Getting Started > Setting Up a New Company > Accounting Setup > Accounting Module Preferences

Glossary Item Box

Introduction About:

Accounting Preferences let’s you apply your preferred settings for the account code analysis.

 

Important!
Decide on the source of accounts you want to keep. You may still change the default source however; the analysis for the accounts would start from the date when you changed the source of accounts making it difficult to make historical comparisons.


 

Terminology Steps:

Configure Accounting Module Preferences

  1. From the Accounting Preferences screen of the New Company Wizard, click on the Edit button. Or, from the Accounting Module, select Preferences under the Setup menu. The Accounting Preferences form will display.
  2. Select where you want to get the account code analysis or where you will base the analysis of your accounts from.


Accounts to use - Account code analysis source

  • Default Account 
    The account analysis would be based on the Default Accounts.
    See Also: Accounting Setup > Assign Default Accounts

  • Sales and Nominal Analysis 
    Select where the sales analysis will be based on.
  1. Customer Account – the account analysis would be based on customers. Make sure that the Customer GL Class templates are properly set up. See Also: Customer Setup > Customers > Customer GL Class Templates
  2. Stock item – the account analysis would be based on per inventory item. Make sure that the Inventory GL Class Templates are properly set up. See Also: Inventory Setup > Item GL Class Templates
  3. Category Group – the account analysis would be based on Inventory Item Categories. Make sure that the account setup in the inventory categories are properly setup. See Also: Inventory Setup > Categories > Setup GL Accounts

Would you like to split the above by warehouse as well? - This option is available for both Default Accounts and Sales and Nominal Analysis. This option refines the analysis by splitting the analysis selected per active warehouse. See Also: Working with Inventory module > Manage Warehouses

 

Mark Journal as read only? - This option marks the journal entries as Read Only.

 

Next Steps Next Steps: 

Continue to Banking Setup. See Also: Banking Setup

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