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.