Page History

Definition: What is this?

TO DO: add simple explanation

The Global GL Settings tab is where a limited global or 'master' accounting configuration can be done.

These include:

Reviewing the chart of account structure or hierarchy (Navigate Accounts)
Adding new accounts
Updating an existing account (eg. change the description, change the type of account, change parent account or hierarchy)
Linking an account from the master chart to 'Company' or any other of your company departments, sub departments or business units.
Creating new component costs
Setting defaults accounts for different types of payments
Setting default accounts for invoices line items (Note : This includes all types eg commission, purchase, return, sales, etc)

NOTE: Some of the configuration specified here can be over-ridden using the General Ledger tab.

TO DO: