Defaults Tab

This tab contains default settings for new general ledger accounts when they are set up on the Account Maintenance form.

Options Reference

Each option and field on the form is described below. Mandatory options and fields are highlighted in red.

Currency

Select the default currency for general ledger accounts.

Transaction Deletion

Select the default period of time for which to retain transaction history against general ledger accounts.

Allow Monetary Accounts

Specify whether new general ledger accounts are specified as monetary accounts.

Allow Quantity Accounts

Specify whether new general ledger accounts are specified as quantity accounts — for example, for a sales account. You can record units sold as well the dollar value when a transaction is entered. If this option is selected, you can enter additional information.

Unit description

Enter a unit description that applies to the quantities for the account, up to six characters.

Allow zero values

Select this option to enter transactions for quantity accounts for a zero value zero rate and/or zero quantity.

Allow zero quantities

Select this option to enter transactions for quantity accounts for a zero quantity.

Assign default team on new

Specify the default team that are assigned to new general ledger accounts when they are setup. This integrates with security options if the Advanced Security module is in use.

GL Budget

This field is referenced when WebView is in use.

Select the default budget that displays when the user runs a WebView financial report that includes budget data.