Accounting configuration
In this tab, there are the following options available:
Currency accounts added as sub-subsidiary accounts
If this option is checked, it is be possible to create currency accounts for directory accounts as separate sub-subsidiary accounts in case when a given transaction is posted.
Collective posting
This option generates one common journal entry, if there are several documents marked for posting.
Negative single-sided entries
This option refers to negative single-sided entries which can be entered into journal entries. It is recommended to uncheck this option in case of the US version.
Reversing entry
If this option is checked, in case of deleting a confirmed journal entry, the system will generate single-sided entries amounting to a positive value with changed posting sides. This option is required for the US market.
Abbreviated name for credit
This option allows defining the name of accounts’ credit side.
Abbreviated name for debit
This option allows defining the name of accounts’ debit side.
Name of default ledger
This option allows defining the name of default ledger which will be added as first ledger when adding an accounting period.
Suffix of draft document symbol
This option allows defining a letter which will appear by the name of a draft document.
VAT accounts numeration
Possible periods numeration options are: yearly and monthly.
Present one-sided trial balance
If this option is checked, the trial balance will be presented in one column (Cr – Dr). This option is commonly used in the United States.
Enable the addition of general directory accounts
If this option is checked, it is possible to add a general account of directory type. This option is required in Germany.
Posting scheme symbol for discrepancy
Posting scheme symbol for bank service charges
Posting scheme symbol for interest earned
First event maintenance
This functionality separates purchase/sales invoices from VAT purchase/sales invoices which is used on the Ukrainian market.
Enable posting without a contra account
This functionality allows the user to add single-sided entries with an account on one side only.
Default automatic numbering