General Ledger: Account Options

Top  Previous  Next

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

Security Setup GeneralOpen HelpTabsUnlock MonitorQuick AddCalendarDashboardQuick_Access_Menu

EmployeeQuotesWorkshopStock ItemsSupplierCompanyCustomerInvoiceFileExtraAccount OptionsAccount SetupTax reportstatementsCorrectionsBank reconciliationGL DetailsGL EnquiryBank ManagerAdjustment JournalCash JournalGeneral_Ledger

                                                                                                                                                                                                                                                              Arrow_Blue

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.

 

Restrict GL AccountsExisting GL EntryBank Manager ...Do cash journal ...Tax SystemBranch DefaultFinancial YearAccount Defaults
General Ledger Defaults

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.

 

Keywords: Account Defaults,Account Options,Auto Fill,Bank Manager Settings,Blocking Date Ranges,Branch Default,Cash Journal Approval,Date Restictions,Financial Year Start,General Ledger Defaults,Lock Periods,Not allowed to post after this date,Not allowed to post before this date,Outside Date Range - Bankmanager,Restrict General Ledger Accounts,RTS Expense Account,Tax System