Configuration Buttons for User-Administrators

Define Your Organization

User or Administrator configuration of Financials begins with defining your company as follows. You can create your company as a Party Group in the Party Manager and then associate a Role of "Internal Organization" (INTERNAL_ORGANIZATIO) with it.

* Click: Parties & Users > Party > [Create New] > Create New Party Group 
* Fill in the form with your company name and other optional information and Click: [Save]
* Click: [Roles], and select "Internal Organization" in the drop down box.
* Click: [Add]

The Accounting Preferences page opens.

Next, you will configure the following accounting preferences for your company: (Make sure you choose the correct option. This cannot be changed by the Users.)

   * Tax form of choice, for example U.S. IRS form 1120S.
   * Cost of Goods Sold (COGS) method: LIFO, FIFO, or average cost. COGS method 
should be consistent with the inventory reservation method of the product stores 
associated with this party.
   * Base currency for your business accounting system. 

Once configured, the User screens do not allow you to change these accounting practices. If you’ve made a mistake your ADMIN can use [Web Tools] > [Entity Data Maintenance] to correct it. Users should not attempt to use [Web Tools] which are an advanced tool set.

Ledger Configuration

User or Administrator configuration for Financials is located as follows, Click: Financials > Configure and the page opens to display shortcut buttons and the Chart of Accounts listing for your company.

Shortcuts

*  Chart Of Accounts
*  Configure Ledger
*  Payment Methods
*  Time Periods
*  View Configuration