Accounts ⛭

Setup>Configuration>Accounting>Accounts
General
Field
Notes
Current Status
Shows if the Accounts are Open or Closed. 
Display Nominal codes
If this box is checked the Account Nominal Codes are shown both in the Chart of Accounts and in the account selection drop-down lists (e.g. on the Item's Accounting tab). See Nominal Codes.
Enable Document history/audit trail
By default, all Transactional Documents, such as Sales Invoices, have an audit history trail that records all the changes made to the Document, and by whom. This checkbox allows you to enable/disable this feature. For more information see Show History.
Create Credit Note for unused payment
When checked a Credit Note will be automatically created for an Unused Payment, i.e. you Receive Payment on the Customer Master before committing to ship the Customer's Order. 
Numerical Formats
Field
Notes
Use commas
By default, numbers have comma separators per 1000. This checkbox enables/disables this feature.
On reports display negative numbers in brackets
By default, negative numbers are displayed using a '-' sign, as in normal arithmetic. For accountancy reports, sometimes it is customary to display negative numbers using brackets instead e.g. -123.00 becomes (123.00). This checkbox enables/disables this feature. Note: This feature only applies to Reports and not to Line Items.
Decimal places for costs
Two, three, or four decimal places.
Decimal places for prices
Two, three, or four decimal places.
Decimal places for discounts 
Two, three, or four decimal places.
Decimal places for totals/balances
Two, three, or four decimal places.
Discounts
Setting
Options
Discount Calculation
Using Unit Price Cost
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Using Total Pre-tax amount
​
Default Accounts
Users can set default pointers for transactions 
Field
Notes
Tax Liability
Sales Tax or VAT liabilities.
Inventory Asset
Stock Inventory Asset Account.
Cost Of Goods Sold
Set COGs account.
Income
See Enter on the Line Item Table.
Expense
See Enter on the Line Item Table.
Discount
Post Discount Item entries here unless otherwise specified on the Accounting tab on this Item. See Discount Item.
Markup
Post Markup Item entries here unless otherwise specified on the Accounting tab on this Item. See Markup Item.
Bank Charge
For charges paid for non trading related activities i.e. Banking fees.
Bank Interest
For income recieved from non trading related activities i.e. Bank Interest.
Stock Adjustment
See Stock Adjustments. 
Pending Item Receipts
a.k.a GRNI - Goods Received Not Invoiced. See Item Receipts.
Currency Gains/Losses
See Currency adjustments for gains and losses.​
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Field	Notes
Current Status	Shows if the Accounts are Open or Closed.
Display Nominal codes	If this box is checked the Account Nominal Codes are shown both in the Chart of Accounts and in the account selection drop-down lists (e.g. on the Item's Accounting tab). See Nominal Codes.
Enable Document history/audit trail	By default, all Transactional Documents, such as Sales Invoices, have an audit history trail that records all the changes made to the Document, and by whom. This checkbox allows you to enable/disable this feature. For more information see Show History.
Create Credit Note for unused payment	When checked a Credit Note will be automatically created for an Unused Payment, i.e. you Receive Payment on the Customer Master before committing to ship the Customer's Order.

Field	Notes
Use commas	By default, numbers have comma separators per 1000. This checkbox enables/disables this feature.
On reports display negative numbers in brackets	By default, negative numbers are displayed using a '-' sign, as in normal arithmetic. For accountancy reports, sometimes it is customary to display negative numbers using brackets instead e.g. -123.00 becomes (123.00). This checkbox enables/disables this feature. Note: This feature only applies to Reports and not to Line Items.
Decimal places for costs	Two, three, or four decimal places.
Decimal places for prices	Two, three, or four decimal places.
Decimal places for discounts	Two, three, or four decimal places.
Decimal places for totals/balances	Two, three, or four decimal places.

Setting	Options
Discount Calculation	Using Unit Price Cost
	Using Total Pre-tax amount

Field	Notes
Tax Liability	Sales Tax or VAT liabilities.
Inventory Asset	Stock Inventory Asset Account.
Cost Of Goods Sold	Set COGs account.
Income	See Enter on the Line Item Table.
Expense	See Enter on the Line Item Table.
Discount	Post Discount Item entries here unless otherwise specified on the Accounting tab on this Item. See Discount Item.
Markup	Post Markup Item entries here unless otherwise specified on the Accounting tab on this Item. See Markup Item.
Bank Charge	For charges paid for non trading related activities i.e. Banking fees.
Bank Interest	For income recieved from non trading related activities i.e. Bank Interest.
Stock Adjustment	See Stock Adjustments.
Pending Item Receipts	a.k.a GRNI - Goods Received Not Invoiced. See Item Receipts.
Currency Gains/Losses	See Currency adjustments for gains and losses.

Kit ⛭

VAT ⛭

Last modified 1mo ago