Economics

In this section, you will find settings that apply to economic/financial issues.

Company currency part of EMU's monetary union?

You should activate this setting if the company currency (the currency your company uses in general) is a part of the EU's Monetary Union. For example, if your company uses Swedish kronor = SEK as the company currency, this parameter should not be checked.

When a country in the European Union (that has another currency than EUR) decides to convert to usage of EUR, this setting should be activated. This means that the translation of currency is always made via EUR and that no exchange rate differences between currencies within the monetary union are created.

If you check this setting, the conversion factor field will never be displayed when you register entries in the EMU currencies. Furthermore, the exchange rates for all foreign currencies in the Currencies procedure should always be entered versus the EUR.

Payment format

The system supports electronic payments to suppliers. The payment basis is created in the Accounts Payable and is sent electronically to your bank.

Before you register payment information for suppliers, you must enter the kind of payment format that will be used, in other words, which bank the company uses or PlusGiro.

Specific bank when using payment format BankConnect

This setting applies to systems in Denmark and if the payment format BankConnect has been selected in the setting above. Here you can select a Danish bank. If your specific bank is not included in the list, you select the general BankConnect instead.

Payment format - confirmation

Using this setting you determine which payment format that you should be able to confirm in the Confirm Outgoing Payments procedure. The following formats can be selected:

Confirmation format (ISO)

Using this setting you determine which ISO payment format that you should be able to confirm in the Confirm Outgoing Payments and Confirm Incoming Payments procedures. The following formats can be selected:

Please contact you bank regarding which format to select.

Number of VAT codes that will be managed in the system

It is possible to choose to manage from 4 up to 9 VAT codes in the system. The VAT codes' percentages are then entered in the VAT COdes procedure.

Show 'Approved for F-tax' on forms

This setting determines whether or not the text Approved for F-tax should be printed in the footer of invoices and other forms.

Path to export program

Here you can enter or select a default path to a place on the network where the export program SAF-T or JPK is found. This applies to systems in Poland and Lithuania.