Accounts Settings
There are various account settings in ERPNext to restrict and configure actions in the Accounting module.
Last updated
There are various account settings in ERPNext to restrict and configure actions in the Accounting module.
Last updated
The percentage by which you can overbill transactions. For example, if the order value is $100 for an Item and percentage here is set as 10% then you are allowed to bill for $110.
Users with this role are allowed to over bill above the allowance percentage.
Select the role that is allowed to submit transactions that exceed credit limits set. The credit limit can be set in the Customer form.
When checked, Purchase Invoices with same 'Supplier Invoice No' will not be allowed. This is useful to avoid duplicate entries.
If checked, system will unlink the payment against the respective invoice. By default, if a Payment Entry is submitted, the linked invoice cannot be canceled until the Payment Entry is also canceled. On unlinking, you can now cancel and amend the invoices. But the payments not be linked and considered as advance payments.
Enabling this will automatically fetch the Payment Terms from a Purchase/Sales Order to its linked Purchase/Sales Invoice.
Enabling this will allow the deletion of linked General Ledger and Stock Ledger Entries on deleting invoices and receipts. This can be checked if you don't want to lose the document ID after cancelling the document. You can now cancel and delete the document to get the same document ID again.
When checked, an automatic entry for an asset depreciation will be created based on the first date set. For example, yearly depreciation for an item will be scheduled for the next 3/4 years based on the Number of Depreciations Booked set in the Asset master. For more details, visit the Asset Depreciation page.
Similar to the previous option, this unlinks any advance payments made against Purchase/Sales Orders.
If checked, an adjustment Journal Entry will be posted automatically on creation of Sales/Purchase Invoices against common Customer & Supplier. For more details, visit Common Party Accounting
If checked, for a Point of Sale invoice, the system will post ledger entries considering the change amount given.
If checked, Discount Accounts can be added in the Items table of Sales Invoices, which will allow you to account for Discounts applied on Items more efficiently. It also lets you add Defualt Discount Accounts for Items, which will be fetched automatically when the Item is added to a Sales Invoice.
Tax category can be set on Addresses. An address can be Shipping or Billing address. Set which addres to select when applying Tax Category.
Enabling this will populate the Taxes table in transactions if an Item Tax Template is set for an Item and that Item is selected in the transaction.
Enabling this will split the Payment Entry discount deductions into Income Loss and Tax Loss if the document against the Payment Entry has an Early Payment Discount set.
Freeze accounting transactions up to specified date, nobody can make/modify entry except the specified Role.
Users with this Role are allowed to set frozen accounts and create/modify accounting entries against frozen accounts.
Deferred revenue amount can be booked based on two criteria. The default option here is "Days". If "Days" is selected, the deferred revenue amount will be booked based on the number of days in each month and if "Months" is selected, then it will be booked based on number of months. For Eg: If "Days" is selected and $12000 revenue has to be deferred over a period of 12 months, then $986.30 will be for the month having 30 days and $1019.17 will be booked for the month having 31 days. If "Months" is selected, $1000 deferred revenue will booked each month irrespective of the number of days in a month.
This setting is enabled by default. In case you don't want the deferred accounting entries to be posted automatically you can disable this setting. If this setting is disabled deferred accounting will have to be processed manually using Process Deferred Accounting
By default Ledger Entries are posted directly to book deferred revenue against an invoice. In order to book this deferred amount posting via Journal Entry, this option can be enabled.
This option is applicable only if deferred accounting entries are posted via Journal Entry. By default, the Journal Entries for deferred posting are kept in Draft state and a user has to verify those entries and submit them manually. If this option is enabled, Journal Entries will be automatically submitted without any user intervention. This option will only be displayed if Book Deferred Entries Via Journal Entry is checked.
The applied taxes will be shown in the print view.
The Payment Schedule table is visible on using Payment Terms. Enabling this will show this table in print view.
This should be unchecked if you want ERPNext to check the age of records fetched from Currency Exchange in foreign currency transactions. If it is unchecked, the exchange rate field will be read-only in documents.
Stale Days is the number of days to use when deciding if a Currency Exchange record is stale. This is valid when 'Allow Stale Rates' is disabled. So, if the Stale Days is set as 10, stale rates that are 10 days will be allowed. If Allow Stale Rates is enabled, there is no time limit on the age of stale rates.
If stale rates are enabled, the order of fetching is:
Latest rate from Currency Exchange form
If no Currency Exchange is found latest rate as per market is fetched automatically
If stale rates are disabled, the order of fetching is:
Latest rate from Currency Exchange form upto number of days set in 'Stale Days'
If no Currency Exchange is found Latest rate as per market is fetched automatically
You may choose to use Custom Cash Flow Formats to customize what the Cash Flow report looks like. To know more, visit this page.
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