The Financial functional area is used to store and report on all the General Ledger data for the company. The main tasks performed include configuring the chart of accounts, managing checkbook balances, maintaining the fiscal calendar, and doing journal entries. The Financial functional area integrates with all other NorthScope functional areas. The purpose of the Financial Preference Page is to configure how these features work. From here, users can set defaults, identify which features are used, and how the enabled features perform.
Software Version: 2019.09.03 and newer
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| Save | Saves all changes. |
| Fields | Description |
| Preference Name | Identifies the Preference that is being setup. |
| Value | A text box or lookup to set the value of the preference. Preference values are always editable and can be changed at any time, unless otherwise specified. |
| Preferences | Description |
| Default | |
| Next Project ID | A text box to assign the next Project ID that will be used. When a new Project is added, the Project ID is auto-assigned from this preference value and then the value is incremented by 1. This defaults to 1000 and is always required and editable. |
| Retained Earnings GL Account | A single-select load on demand lookup to assign the Retained Earnings GL Account that will be used when running a Year-End Close or Year-End Reversal. This defaults to blank and is required before a Year-End Close can be run. This field is always enabled and editable. This lookup contains a blank value, the current assigned value, and a list of all the 'Active' GL Accounts with a Control Account Type of "Retained Earnings" |
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