• One can configure various default values of master transactions.


    1. Open an existing company following Open Company.
    2. Click "Utilities" from menu-bar & select Settings > Co. Configuration from drop-down list.
    3. A multiple tab "Company Configuration" window will open. 
    4. Click on "Defaults" tab & following window will appear.


 


 Item Type

 Select the type of item.

 Item Group

 Select the group of item.

 Warehouse

 Select the name of warehouse.

 Cost Centre

 Select the name of cost centre.

 Sales Tax

 Select the vat to be applied. 

 Enable Payment Terms

 Tick the check-box if you wish to Enable Payment Terms. 

 Payment Term

 Select the payment term.

 Shipping Method

 Select the shipping method.

 Discount Method

 Select the discount method.

 None 

 Does not apply discount. 

 Percentage

 Apply discount in percentage.eg. 5% discount.

 Value

 Apply discount in amount. eg. discount of Rs.100.

 TDS Rounding Type

 Select the type for TDS Rounding.

 Total

 To round off TDS on total amount. 

 All

 To round off TDS on all amounts i.e. TDS Limit, TDS Rate, Cess, Hcess, Surcharge.

 



 Rounding Method

 



 Select the method for rounding. 

 Truncate

 To limit the amount by reducing decimal space. eg. 5.156 will show 5.15.

 None

 To keep the actual amount with decimal points. eg. 25.3456 will be 25.3456.

 Normal

 If the number after decimal point is >/= 5, it is rounded upto the next whole number & If the number after        decimal point is <5, it is rounded upto the previous whole number. eg. 25.345 will be 25 & 25.575 will be 26.

 Plus

 To round off the amount to next whole number by truncating the decimal numbers.eg. 25.575 will be 26.

 Minus 

 To round off the amount to previous whole number by truncating the decimal numbers.eg. 25.575 will be 25.

 Document Expiry Duration

 Select the time period for document expiry.

 Ledger Folio Type

 Select the type of ledger folio. 

 Automatically

 To set the L.F.No. automatically.

 Manually

 To set the L.F.No.manually during each entry.