System Settings
The Settings dialog box for System Settings allows you to set options such as interest charges, payroll taxes, aging periods, and the format and contents of invoices and reports.
There are several tabs in the Settings dialog box. Each tab contains different options that you can set.
For example, when you select the System tab, you can enter information in the following fields:
Use Cash-Basis Accounting. Select this option if you wish to use cash-basis accounting. Leave it turned off if you wish to use accrual-basis accounting.
Store Invoice Lookup Details. Select this option to have the program store all invoice details so you can look them up later. This feature uses extra space on your hard disk, but provides useful information.
Use Cheque Number as the Source Code for Cash Purchases and Sales. If you use the account reconciliation
feature, select this option to use the cheque number, rather than the invoice number, as the source document number (for lookup purposes) in the Account Reconciliation window for purchases and sales paid by cheque.
Allow Transactions in Previous Year. Select this option before you make adjustments to the previous year, then turn it off afterwards to avoid processing to the wrong year.
Allow Transactions in the Future. Select this option to be able to process transactions with dates up to the end of the current fiscal year. Leave it turned off to allow transactions up to and including the session date.
Warn If Transactions Are [ ] Days in the Future. If you allow transactions in the future, select this option to receive a warning if you try to enter a transaction date a certain number of days beyond the session date.
Warn If Accounts Are Not Balanced When Entering A New Month. Select this option to receive a reminder if your accounts are not balanced whenever you advance the session date into a new month.
Backup Frequency. Select how often you want the program to remind you to back up your data.
Taken From : Simply Accounting
