Setup Options Financials Options

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Transaction Description

Use the Financials Options form to define system options and defaults. These system parameters are shared by the Payables, Purchasing, and Assets applications. Although not all fields are required, the defaults entered here can simplify entry for suppliers, requisitions, purchase orders, invoices, and automatic payments.

The values entered here are system defaults and can be changed at any time. If an option is changed, the new setting will be used in later transactions.

For Payables users the fields on the Accounting Financials Options tab are required. If the Purchasing application is not installed, the Supplier-Purchasing tab is optional. If the Human Resources application is not installed then the Human Resources tab is optional. If you are not subject to VAT, then the Tax tab is optional.

Header Fields

• Operating Unit

Accounting

List of Fields

• Future Periods

GL Accounts

• Liability
• Prepayment
• Future Dated Payment
• Discount Taken
• PO Rate Variance Gain
• PO Rate Variance Loss
• Expenses Clearing
• Miscellaneous
• Retainage

Supplier - Purchasing

List of Fields

• RFQ Only Site
• Ship-To Location
• Bill-To Location
• Inventory Organization
• Ship Via
• FOB
• Freight Terms

Encumbrance

List of Fields

• Use Requisition Encumbrance
• Reserve at Completion
• Use PO Encumbrance

Tax

List of Fields

• VAT Registration
  • Member State
  • VAT Registration Number

Human Resources

List of Fields

• Business Group
• Expense Reimbursement Address
• Use Approval Hierarchies
• Employee Number
  • Method
  • Next Automatic Number

Comments

Links

• Related: AccountsPayable

This Topic Is Referenced By These Topics:
Related Links: AP12SetupCalendarAccountingPeriods

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Collaborating Authors and Reviewers: -- DianeMcHugh - 21 Dec 2007