FI Bases

Tue, 13 Oct 2020 15:21:01 +0200

FI Bases hold foundational finance records used when configuring a company for accounting activity. They should be reviewed before transaction-heavy areas such as cash management, direct entries, partner transactions, and statements are used.

Centers

Tue, 13 Oct 2020 15:21:01 +0200

Centers are used to classify financial activity for analysis and reporting. A centre may represent a business unit, branch, department, cost centre, or other responsibility structure depending on how the company configures Finance.

Fin Config

Tue, 13 Oct 2020 15:21:01 +0200

Fig 1.0 Financial configuration view

Navigate to Financial Configuration

Access the Setup sub-module of the Finance module.
Click on Financial Config.
This displays a list view of Holidays.
Use the Filter button, when clicked, gives you a dropdown where you can specify various parameters for filtering the records:
- Search string: for filtering records
- Country: A dropdown list of statuses

Create a new Financial Configuration

To create a Financial Configuration, hit the Create button in the toolbar area and populate the form fields as shown below:

Fig 2.0 Financial configuration create button

The following are some of the fields that needs to be populated:
- Company
- Start Date
- GL Currency
- PayrollDay
- DefaultAdvanceDays
- DefaultAdvanceDays
- MaxActiveAdvanceSum
- MaxActiveAdvanceCount
- GovWithholdingTaxRate

Fig 2.1 Image showing form to create a financial configuration

You also need to populate the fields in the Accounts tab:
- Click the New button and fill out the Account details section.
- Hit the Save

Fig 2.2 Image showing form to create a financial configuration

View the Financial Configuration of a Company

From the list view, click on the ID of the company to view the company’s financial

Fig 3.0 Image showing the Id of an existing financial configuration

Fig 3.1 Image showing the view of an existing financial configuration

Edit the Financial Configuration of a Company

From the list view, select the company you want to edit by clicking on a radio button
Click the edit button to edit the financial configuration of the selected company

Fig 4.0 Image showing how to edit an existing financial configuraton

Delete the Financial Configuration of a Company

From the list view, select the company you want to delete by clicking on a radio button
Click the delete button to delete the financial configuration of the selected company

Fig 5.0 Image showing how to delete an existing financial configuration

Payment Processors

Tue, 13 Oct 2020 15:21:01 +0200

Payment processors identify the channels used for payment processing. They help finance users distinguish how a payment is handled, routed, reconciled, or reported.

Setup on My Docs

FI Bases

Centers

Fin Config

Navigate to Financial Configuration

Create a new Financial Configuration

View the Financial Configuration of a Company

Edit the Financial Configuration of a Company

Delete the Financial Configuration of a Company

Payment Processors