SI+ is designed to do the necessary processing in the background. To facilitate this, a number of default accounts such as control accounts must be defined.

Go to Ledger > Account Options

General Ledger Account Options

SI+ automates accounting processes by handling necessary background processing. To ensure smooth operation, certain default accounts, such as control accounts, must be set up correctly.

General Ledger Defaults - Restrictions & Options

1. General Ledger Defaults - Restrictions & Options

Restrictions tab

Set Date Ranges for Posting

•Not allowed to post before this date → Prevents users from posting transactions before a specified date.

•Not allowed to post after this date → Prevents users from posting transactions beyond a set date.

➢Use case: Ensures financial entries remain within an approved accounting period.

Default Branch Selection

•Set a default branch for transactions.

•Additional branches can be added or modified under Company Add or Edit Branches

➢Use case: Helpful for multi-branch businesses to track financial data accurately.

2. General Ledger Account Restrictions

Restrict GL Accounts in Cash Journal

•If restrictions are enabled:

•Payments: Income accounts will not be displayed.

•Deposits: Expense accounts will not be displayed.

•Assets, Liabilities, and Equity accounts will always be visible.

➢Use case: Prevents accidental postings to incorrect accounts.

3. Bank Manager Settings

Automatically Fill New Matches

•If enabled, SI+ will attempt to auto-match bank transactions based on past data.

Existing GL Entry - Day Range Around Transaction to Show

•Define the acceptable range of days for a transaction match.

•Example: If set to 3 days, a bank statement transaction dated 17/12/2024 will match any GL entry between 14/12/2024 and 20/12/2024.

➢Use case: Ensures bank reconciliations capture transactions even if there is a slight timing difference between the actual transaction and bank processing dates.

For more detail go to the Bank Manager module.