Financial Settings

Manage system-wide financial configurations and accounting rules.

Base currency, fiscal periods, and global G/L behavior.

Base Currency

Fiscal Year Start (MM-DD)

Exchange Rate Service

Define how inventory costs are calculated and recorded.

Average Costing

Costs are averaged over all items in stock.

FIFO

First-In, First-Out. Assumes first items purchased are first sold.

Standard Costing

Uses pre-defined standard costs for valuation.

View and edit the standard costs for manufactured items. These are the basis for variance analysis.

Manage tax rates applied to sales and purchases.

Product/Service prices are entered inclusive of tax.

Tax Name	Rate (%)
Value Added Tax (VAT)	14%

Default Customer Payment Terms

Enable Automatic Dunning

Dunning Grace Period (days)

Late Fee Rate (%)

Default Vendor Payment Terms

Enable PO Amount Approval Workflow

Approval Threshold ($)

Manage the general ledger accounts for your business.