To open the Settings: Money form, go to: Administration > Settings > Money.
The Settings: Money form
Use the settings on this form to configure the Money module.
Note. Any changes made on this form are applied immediately.
Setting | Description |
|---|---|
Edit the Currencies List | Click the Edit the Currencies List link to open the Currencies list and to add a currency that you need to use. By default, the list includes the following three predefined currencies: AED, USD, and Euro. It is recommended that you comply to ISO 4217 when adding a currency. |
National Currency | In this field, select the currency that is the national currency of the country where your entities are registered and must file tax reports. All tax reports will be prepared in the national currency. |
Accounting Currency | In this field, specify the currency in which the company keeps its accounting records. |
Cheque Accounting | Select this option to turn on the functionality related to cheque processing. With this option selected, you will be able to register the received cheques with the Cheques Received documents and the issued by the company cheques with the Cheques Issued documents. |
Off-Balance-Sheet Accounting of Cheques | (This option is available only if the Cheque Accounting option is selected.) If this option is selected, uncleared cheques will be registered to the selected off-balance-sheet accounts so that the cheque amounts would not affect the financial statements until cheques are cleared. |
Enable Bank Charges | Select this option if your bank applies bank charges when you receive payments from customers or send payments to suppliers or perform other transactions via your bank accounts. You can specify any bank charges on the fly - you do not have to predefine them before applying to bank documents. |
Bank Statement Reconciliations | Select this option to enable the process of reconciliation of bank statements with internal bank documents for bank accounts of the entities. This option if selected makes the following documents available: Bank Statements, Bank Reconciliations. |
Bank Reconciliation Start Date | This field becomes available and required once the Bank Statement Reconciliations option is selected. By default, it is populated with the current date. In this field, specify the date from which the internal bank documents will be available for reconciliation; the earlier documents will not be involved in reconciliation. |
Cash Flow Forecasting | Select this option to be able to plan cash flows in your entity. With this option selected, the documents and reports for cash flow planning will be available in Cash Management module. |
Offset Advances and Debts Automatically | This setting defines how the advances should be offset against any debts during document posting:
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