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
Currencies.
Countries.
Vat Rates.
Payment Methods.

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