At this screen, you can display and edit the financial settings. It is important that you set up the financial settings before you create any financial entries as these are the main settings for the financial module. When this page is opened for the first time, there are some settings which are not set up.
Financial/Setup/General/Settings
To edit the financial settings, function right 39 - Maintain financial settings is required. By default, users with the General Manager and Controller roles have this function right.
For more details on what you can do with function rights or levels, go to System/Setup/Security/Function rights, select the required module, and then click on the relevant ID. To find out the functions you can perform with a particular role, go to System/Setup/Security/Roles, type in the description, click Refresh, and then click the required link under the Role column.
Click this to edit the required financial settings. When you click this, you can modify or set up the available financial settings according to the requirements of your division.
Note: Once you have clicked this button, the name of the button will change to Save.
Click this to save the changes to your financial settings.
Click this to exit.
Type or select the reporting entity to determine the organization that needs to prepare the general-purpose financial reports for financial consolidation. If financial consolidation is not required, type or select a division.
Type or select the default country. You can activate other countries of your choice if the displayed list of countries is not applicable. For more information, see Modifying Country Data.
Type or select the default currency. The currency that you select determines the reporting currency used in the consolidation of the financial reports. You can activate other currencies of your choice if the displayed list of currencies is not applicable. For more information, see Displaying Currencies. The currency cannot be modified once you have transactions linked to it.
Select Date or Reporting date to determine which is to be used in checking the division’s period open/close status.
Type or select a default general ledger account for calculation differences.
Type or select a default general ledger account for calculation differences in Euro.
Select a category from the available options to determine which classification is used when you download the general ledger schemes from Exact Synergy Enterprise. For more information, see XML Export.
Select a category from the available options to determine which sub-classification is used when you download the general ledger schemes from Exact Synergy Enterprise. For more information, see XML Export.
Select this check box to automatically allow the closed periods to be opened when you import the financial transactions. When this check box is not selected, the financial transactions will be imported as closed periods and stored in Exact Synergy Enterprise. You will need to manually open the closed periods before you can process the financial transactions. For more information on manually opening the closed periods and processing the financial transactions, see Displaying Status of Financial Division.
Select a number to indicate the maximum number of days that will be displayed at Days under the Import : Status column in the Division: Status report. This report can be found under the Analysis section of the Reports tab. For more information, see Displaying Status of Financial Division. The report allows you to identify the last date and the number of days the financial transactions were uploaded. If the last import date in the report exceeded the number of days defined at Show alert after, you will see a cross in the report. This is also displayed at Days under the Import : Status column. You can enter a maximum of 30 days for this field.
Select a document type to display the default job report when the background check on the financial transactions is made. This report is displayed when you click Date under the Check column in the Division: Status report. For more information, see Displaying Status of Financial Division.
Select a number to indicate the number of days required to delete reports that records the comparison of the financial data by division between Exact Synergy Enterprise and its back office. You can enter a maximum of 30 days for this field.
Note: This section is available only if you have the module license YA1040 – Financial consolidation and option 470.
Select the document type to display the Save attachment check box at Financial/Entry/Transactions/Import financial data. If you do not make a selection here, the check box is unavailable. For more information, see Importing External Financial Data.
Select a year and type a period to enter the opening balance for financial consolidation and start the consolidation at the fixed period of the financial year. You can leave this blank if you do not need to enter any consolidation opening balances as in the case when you run financial consolidation from the very first period in the system. This case is probably only true for new Exact Synergy Enterprise installations.