Accounting settings
Use the Accounting settings page to tailor VOGSY’s accounting module to the needs of your business.
The table below explains the settings you can define:
Name | Description | Required? |
---|---|---|
|
Specify the journal for the booking of time entries. |
Y |
|
Specify the journal for the booking of project sales. |
Y |
|
Specify the journal for the booking of purchase invoices. |
Y |
|
Specify the journal for the booking of expenses. |
Y |
|
Specify the journal for the booking of invoice payments (SEPA). |
N |
|
Specify the ledger account to use for financial transactions related to Accounts receivable. |
Y |
|
Specify the ledger account to use for financial transactions related to Accounts payable. |
Y |
|
If you have more than one company and you need separate invoice sequences for each, select this check box. If you select this check box, a new section called Company next invoice number will appear at the bottom of the page. |
N |
|
Enter your company’s next available invoice number. This option does not display if you selected the |
Y |
|
Select Fixed price deliverables with an expected loss or expected profit if you want VOGSY to display, in the Work in Progress chart, only deliverables with an expected loss or expected profit. Select All fixed price deliverables if you want VOGSY, in the Work in Progress chart, to offer you all fixed price deliverables. Whenever something changes on a fixed price deliverable, VOGSY can predict whether it will result in a profit or a loss. The calculation of the expected loss or profit is based on the order value, actual costs and the percentage of completion of the deliverable. There is an expected loss when the actual costs are greater than the order value. There is an expected profit when the expected costs are less than the order value. The expected costs are calculated by expanding the actual costs with the percentage of completion. |
N |
|
In conjunction with the |
N |
|
This setting determines which amount will be used when making the following journal entries:
Select Cost amounts if you want VOGSY to use cost rates and amounts for these tasks; otherwise, select Sales amounts. By default, VOGSY uses cost amounts. |
Y |
|
This section only displays if you have selected the |
Y |