Records And Transactions

Set Records and Transactions Settings

1. On Dashboard click on the settings icon on the top right corner, as illustrated in the image below.
   
   
   
   
2. You will be directed to the Business Settings page. Locate and select "Records and Transactions Settings " in ORGANISATION PROFILE  Section.
   
   
   
   
3.  You have the flexibility to establish default values for customers, vendors, employees, payments, and receipts. These defaults may include defining terms such as "due on receipt" for customers, selecting the default aging receivable account, specifying the sales discount account, and designating the default shipping account. These default settings will apply when creating customer profiles or engaging in transactions involving customers.
   
   
   
   
   
4. Check or uncheck the available options to customize default settings for products and services.
   
   
   
   
5. You can select and configure the default service ledger accounts for different categories such as inventory, sales, and cost of sales etc.
   
   
   
   
6. Configure default tax settings for products and services. You can set these defaults to automatically apply specific tax rates to products and services. During individual transactions for products and services, you have the option to modify the default tax settings to accommodate specific tax requirements or exemptions. .
   
   
   
   
7. After configuring your desired features, click the "Save" button to save your settings.