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In this article, you will learn how to configure your accounting preferences.
Overview
To access the accounting preferences, navigate to:
Admin -> Accounting -> Accounting Preferences
The preferences are divided into the following sections:
Financial Settings: Allows you to choose whether transaction dates will be recorded on an accrual or cash basis.
Currency: Allows you to set the base currency and enable multi-currency functionality.
System Restrictions: Allows you to specify whether transactions can be deleted, as well as a lockout date. Imposing a lockout date will prevent users from entering transaction dates that predate the lockout date.
| Note: The lockout date does not prevent time entries and disbursement from being created before the set date. To prevent items created before a date from being billed, use the Historic data option in Billing Settings. |
Financial Dates: Allows you to specify the financial year start date and the date applied to the opening balances within your accounts list.
Client Receipt: Allows you to specify the default settings for any newly created client receipts.
Firm Withdrawal: Allows you to specify the default settings for any newly created firm withdrawals.
Alias/Terminology: Allows you to change how Actionstep refers to various aspects of the accounting module.
Payment Terms: Allows you to set the default payment terms for both sales and purchases. You can also edit the terms themselves and create new terms within this section.
Credit Cards: Allows you to set the accepted credit cards that are displayed on bills. Please note that this field will only work with the old PDF templates.
When you are happy with your settings, click 'Save' to save any changes.
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