The Ledger Options control the behavior and availability of general ledger accounting features. General ledger defaults may also be set within Ledger Options.
Netâ˘Yield is a period based accounting system. It posts all transactions (sales orders, invoices, purchase orders, checks, cash applications, work orders, inventory adjustments, etc.) except journal entries, miscellaneous cash disbursements, and miscellaneous cash receipts to the current period and year defined in Ledger Options, regardless of the date of the entry.
Accounting periods can be defined as calendar or fiscal year based. All financial reports are based on the period in which the transaction was posted, not the date of the transaction. For example, if the current period and year is 02-2009 (February 2009), all transactions will be posted to period 02-2009. If an invoice is dated 1/31/09, it will still post to period 02-2009 since 02-2009 is the current period and year. If the invoice is dated 3/1/09 it will also post to period 02-2009, since it is the current period.
Use the Ledger Options to control the default settings of many of the ledger menu options.
Use the Available Actions link below for more information.
| Available Actions | Changing |
Security Required : System - System Administration
| See Also | Used In |