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Accounting Preferences are a set of configuration information details that are related to a party. The To appear on this screen the party must be setup with the role of 'Organisation' (Note: need to check this...)Internal Organisation'. This means that you can add the internal organisation role to a party and they will be added to this screen and then can be configured.

The master The default party is 'Company' but preferences can also be setup for internal departments. The demo data shows some examples of this (eg Marketing, Accounting, Sales, Development etc). Unless overridden then then all other parties appearing on this screen will take their default setup from 'Company'

What is it used for?

It is used for setting specifying information related to the accounting setup for a specific organisation or parties that exist within an organisation such as business units, cost centres, departments ,subsidiaries etc.

Information that can be setup include

• The start date of the Fiscal or Accounting Year (eg 1st April, 1st January, 1st June etc)
• Tax Return Form
• The method to be used for calculating Cost of Goods Sold (COGS)
• Base Currency - eg USD, GBP, EUR etc (NOTE: May have main company in USD but a subsidiary in EUR etc.....???

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• Invoice prefix, numbering and sequencing
  
  

What's on the screen?

TO DO