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Setting | Description |
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Order Management | Select this option if your company's document workflow includes purchase and sales orders. Enabling this functionality allows you to set up stock reservation for orders. Note. If there are any purchase or customer orders in the system, you cannot turn off this functionality. |
Enable Payment Terms | Select this option if you need to use multiple payment terms for customers as well as for suppliers. If the check box is cleared, payment terms are not available. |
Contract and Credit Limits | Select this option to be able to set the limits for total sales and purchases in company contracts or total credit limits. |
Enable Long-Term Credits and Loans | With this option selected, you will be able to account for loans received and issued. The following transaction types are added in the Money module for outgoing payments: Loan Issued, Loan Payment; and for incoming payments: Loan Received, Loan Payment. |
The Project Costing section
If you need to use project management, select the Project Costing option. With this option selected, you will be able to create projects, enter budget estimates, monitor the project progress, compare the budgets to actual revenues and costs, and view the project profits or losses. For more information, refer to Project Costing.
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Setting
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Description
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- On Purchase: To calculate material costs when the items are received to warehouses according to Invoices Received and Advance Reports.
- On Usage: To calculate material costs only when the items are issued from warehouses according to Inventory Write Offs and Invoices.
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- Independent Calculation of Revenues and Costs: You will need to set estimates for costs and revenues associate with each Project or Project Task independently.
- Calculation of Revenues Based on Costs: You will need to specify the percentage of markup to calculate revenues based on costs.
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The Other section
This section includes the settings for configuring the functionality of different modules.
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