Set up the general ledger
On the General Ledger Setup page, you can specify default settings for the general ledger and all finance related application areas. The General Ledger Setup page must be completed for each company that is set up in Sparkrock 365.
To view the General Ledger Setup page
Choose 
, enter general ledger setup, and then choose the related link.
The General Ledger Setup page opens.
General FastTab
On the General FastTab, you can specify the basic setup defaults for the general ledger.
Number Series FastTab
On the Number Series FastTab, you can specify the default number series that Sparkrock 365 is to use for entries.
Dimensions FastTab
On the Dimensions FastTab, you can specify the global and the shortcut dimensions that are to be used for financial reporting.
Global dimensions can be used as filters for general ledger entries or on all reports, account schedules, and batch jobs.
Shortcut dimensions offer a fast and convenient way to enter dimension information directly on the line in journals, sales, and purchase documents.
Sparkrock 365 automatically creates the first two shortcut dimensions by using the Global Dimensions.
For information about working with dimensions, see Working with Dimensions.
Reporting FastTab
On the ReportingFastTab, you can specify an additional reporting currency for the general ledger and sub-ledgers.
If an organization reports in a local currency, for example, CAD, but also has to report in USD, the additional reporting currency is setup to use USD.
All reports have the ability to be reported in both local and additional currency.
Application FastTab
On the Application FastTab, you can specify how payments are to be applied to outstanding amounts, including the following:
Payments from customers
Payments to vendors
Currency rounding tolerance
Change payment tolerances
This batch job is used to change the maximum payment tolerance, the payment tolerance percentage, or both. You can also filter by currency.
To change the payment tolerance
Choose
, enter general ledger setup, and then choose the related link.The General Ledger Setup page opens.
On the action bar, choose Actions > Functions > Change Payment Tolerance.
The Change Payment Tolerance page opens.
To change the tolerance setup for both local and all foreign currencies, turn on All Currencies.
In Currency Code, specify the code of the currency for which to change the tolerance setup.
In Payment Tolerance %, specify the percentage by which the payment or refund can be less than the amount on the invoice or credit memo.
In Max. Pmt. Tolerance Amount, specify the maximum amount that the payment or refund can differ from the amount on the invoice or credit memo.
Choose OK.
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