A number of screens can be used to specify the options for your
application. Click on the
to gain access to the Preferences section.
This section allows you to specify the start of your three main
- the start of your financial tax year (where corporation tax and income
tax are based on)
- the start of your company reporting year (where your balanced sheet is
- the start of your VAT quarter (where your VAT calculations are based on)
Application Look and Feel
Various options relevant to the look and feel of your application
Options related to the processing of invoices. You need to specify a ledger
account which is designated your invoice account. This application will then
be able to identify transactions which are related to your invoices. This is
necessary for the purpose of invoice tracking and reporting. If you look at
the ledger accounts section in your Book Explorer, you will see the ledger
accounts configured to be invoice related will be shown with the
instead of the usual
Under the Company Details section, you can enter the particulars of your
company. This information will be printed at the top of each generated
The tax bands are used to calculate the tax amounts for each transaction.
The bands are preconfigured for the UK Value Added Tax (VAT) bands, but can be
modified for other countries. These tax bands are available as a convenient
drop down in the invoice and some other screens to facilitate the automatic
calculation of taxes on each transaction.