The Financial Preferences section contains the accounting setup and other preference settings that affect workflows in orders, fulfillment and purchasing.
Navigation from the main menu: System Admin > aACE Preferences
Order Management Screen
There three important sections in this screen.
Sales Orders
This section controls the order interface(s) available to users. It also contains preference settings for how orders interact with other modules in the system. More in-depth information can be found by following the links for each feature.
Purchase Orders
This section contains preferences related to purchasing, including some automation settings. It also contains validation controls to help keep things in balance. Follow the link below for more information.
Notifications
This section allows you to set custom parameters that trigger automatic notifications to management. For more information, follow the link below.
Fulfillment Screen
This section includes preference setting for job and task management, time costing and inventory costing against jobs.
Job Management
This section helps you control when jobs and tasks are opened, how costs are applied, and when job assignment notices are sent.
Task Management
These preferences control task notifications and opening statuses.
Time Management
This section has a preference to track time entries from call dialogs.
Inventory Entry Section
This section controls assignments of inventory costs to jobs.
Accounting Screen
Accounting Section
These preferences control dates on posted items such as receipts and disbursements. You can also set preferences for managing multi-office cash transactions and general ledgers.
Checks Layout - This drop-down list displays the available templates for check printing.
Signatures - This is an image container that holds the signature file you wish to print on issued checks.
Inventory Section
This is a drop-down list for selecting your COGS method, either FIFO or LIFO.
Cashflow Forecast Section
This section is used for forecasting known inflows and outflow outside of the A/R and A/P flows.
Categories Section
This section allows you select the default accounts for:
Adjustments - This is the adjustment field in the Receipts module.
Shipping - This is the account used to accumulated shipping charges you pay.
Deposits - This is the account you designate as your Deposit Liabilities account for collected down payments.
Accounting Setup
The Accounting Setup screen gives you the ability to designate the default accounts for the following:
| Balance Sheet Setup | Income Statement |
| Retained Earnings | Accrued Liabilities |
| Accounts Receivable | Accounts Payable |
| Category Defaults |
Period Management Screen
Period Management allows you to control which accounting periods are open and closed. Closing a period will prevent further transactions from occurring in that time frame.
