The Accounting Settings section allows you to configure financial-related data used across the system, including nominal codes, payment terms, payment methods, taxes, and default accounting configurations.
Nominal Codes
The Nominal Codes section is used to define and manage accounting categories for financial transactions.
Key Information
Each nominal code includes:
- Name – The label of the account
- Type – Category (e.g., Asset, Revenue, Expense, Sales, COGS)
- Code – Unique identifier for accounting purposes
Available Actions
You can:
- Add a new nominal code
- Edit existing codes
- Export nominal codes
- Use mapping to align codes with system processes
Payment Terms
The Payment Terms section defines how long customers have to complete payments.
Key Information
- Name – Payment term label
- Terms – Number of days or conditions
- Description – Optional explanation
Available Actions
You can:
- Add new payment terms
- Edit existing terms
- Export payment terms
Payment Methods
The Payment Methods section allows you to manage available payment options.
Key Information
Each payment method includes:
- Name – Payment provider (e.g., PayPal, Stripe)
- Type – Method type
- Email – Associated account email (if applicable)
Available Actions
You can:
- Add new payment methods
- Edit existing methods
Taxes
The Taxes section allows you to define tax rates used in transactions.
Key Information
- Type – Tax name or category
- Rate (%) – Percentage applied to transactions
Available Actions
You can:
- Add new tax rates
- Edit existing taxes
- Export tax data
Default Settings
The Default Settings section allows you to configure default accounting values used across the system.
Available Settings
- Default Nominal Code
- Default Payment Term
- Default Tax
Notes
- These defaults are automatically applied when creating transactions.
- Proper configuration ensures accurate financial reporting and consistency across the system.
