Accounting configuration

 

In this tab, there are the following options available:

ALTUM image002 Accounting configuration       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.

ALTUM image002 Accounting configuration       Collective posting

This option generates one common journal entry, if there are several documents marked for posting.  

ALTUM image002 Accounting configuration       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.

ALTUM image002 Accounting configuration       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.

ALTUM image002 Accounting configuration       Abbreviated name for credit

This option allows defining the name of accounts’ credit side.

ALTUM image002 Accounting configuration       Abbreviated name for debit

This option allows defining the name of accounts’ debit side.

ALTUM image002 Accounting configuration       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.

ALTUM image002 Accounting configuration       Suffix of draft document symbol

This option allows defining a letter which will appear by the name of a draft document.

ALTUM image002 Accounting configuration       VAT accounts numeration

Possible periods numeration options are: yearly and monthly.

ALTUM image002 Accounting configuration       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.

ALTUM image002 Accounting configuration       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.

ALTUM image002 Accounting configuration       Posting scheme symbol for discrepancy

ALTUM image002 Accounting configuration       Posting scheme symbol for bank service charges

ALTUM image002 Accounting configuration       Posting scheme symbol for interest earned

ALTUM image002 Accounting configuration       First event maintenance

This functionality separates purchase/sales invoices from VAT purchase/sales invoices which is  used on the Ukrainian market.

ALTUM image002 Accounting configuration       Enable posting without a contra account

This functionality allows the user to add single-sided entries with an account on one side only.

ALTUM image002 Accounting configuration       Default automatic numbering

 

 

 

Accounting configuration