==== Parameters ====
**refers to:**\\
Maintenance menu -> Accounts setup -> parameters tab\\
\\
**Closed Period End Date**
  * Is a date after which transactions cannot be posted (on or before the date specified) If the Accounts dept. want to close a period they must update this date as needed.
**Default VAT Code**
  * As specified in Accounts Maintenance & VAT code.  The default VAT Code is applied to invoices unless changed by other parameters on a case by case basis.
**Unallocated cash VAT Code**
  * Is the Code used to identify unallocated cash. Used only in VAT cash accounting.
**Country**
  * As specified in Accounts Maintenance & Countries.  Used to select the default country. 
**Default Currency**
  * As specified in Accounts Maintenance & Currencies.  Used to select the default currency.
**Default Payment Method**
  * As specified in Accounts Maintenance & Payment Methods.  It is used to define the default Payment Method when processing the timesheets.
\\ 
\\ See also
\\ [[ug7-9|Currencies]].
\\ [[ug7-10|Countries]].
\\ [[ug7-11|Vat Rates]].
\\ [[ug7-12|Payment Methods]].
\\
\\ Back to [[http://www.iqxusers.co.uk/iqxhelp/doku.php?id=1_online_user_guide|Online Users Guide]]
\\ Back to [[UG7-00]]