General Ledger: Account Options |
Top Previous Next |
Go to Ledger > Account Options
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
Posting Date Limits
•Not allowed to post before: Prevents backdating..
•Not allowed to post after: Prevents 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.