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General Ledger Account Options

SI+ automates accounting processes by handling necessary background processing. To ensure smooth operation, certain default accounts, such as control accounts, must be set up correctly.

General Ledger Defaults - Restrictions & Options

✪ 1. General Ledger Defaults - Restrictions & Options

In the General Ledger Defaults, you can apply restrictions to limit the dates on which users are allowed to post transactions. This helps enforce proper accounting periods and ensures compliance with company policies.

Posting Date Limits

These settings control the earliest and latest dates allowed for posting transactions:

•Not allowed to post before

  Prevents users from entering transactions dated before the specified date.

  Use this to block backdated entries.

•Not allowed to post after

        Prevents users from entering transactions dated after the specified date.

        Use this to block future-dated entries.

✅ Use case: Ensures financial entries remain within an approved accounting period.

Default Branch Selection

•Assign a default branch.

•Add/edit branches under: Company Add or Edit Branches

➢Use case: Helpful for multi-branch businesses to track financial data accurately.

✪ 2. General Ledger Account Restrictions

Restrict GL Accounts in Cash Journal:

•Payments: Income accounts will not be displayed.

•Deposits: Expense accounts will not be displayed.

•Assets, Liabilities, and Equity accounts will always be visible.

✅ Use case: Avoids incorrect account use during cash journal entries.

✪ 3. Bank Manager Settings

Auto-Match Bank Transactions:

•Enable “Automatically Fill New Matches” to auto-reconcile based on past matches.

GL Entry Matching Day Range:

•Set how many days around a bank date to match entries.

•Example: If range = 3, a transaction on 17/12/2024 matches GL entries from 14–20/12/2024.

✅ Use case:  Improves bank reconciliation even with date timing differences.

See more under: Bank Manager module.