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GL Settings

Warren Hamilton
Warren Hamilton
  • Updated

Configure the default general ledger parameters for the entire Finance Management suite. Set up and manage chart of accounts, general journals, summary accounts as well as financial periods.




1. From the homepage, go to Finance module.

2. Navigate to the General Ledger and GL Settings.




1. Under the Fiscal Year Settings, set up the following settings:

  • FY Start Date
  • Accounting Period 
  • Accounting Period Duration (Week, Quarter, Month, Year)

2. Under the Default GL Account Segments, set up the following:

  • Coset Centre
  • Activity
  • Allow Manual Journal to by pass Accounting Period Closure: Yes or No

3. Under the Tax, set up the following:

  • Date Option for Tax Rate: Document Date, Revenue Period Start Date or By Rev Period Start Date or Doc Date, whichever earlier (Default)

4. Once done, click the Save button.




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