For your accounting department, Optimum Control allows you to set some default accounting settings. You should consult with your Accountant prior to making changes to these settings.
To Edit the Accounting Settings:
1.
Go to Settings (upper left corner).
2.
Choose Preferences .
3.
Select Accounting.
4. Enter the details as below.
5.
Click Save .
Field |
Details | |
Accounting System |
Choose your Accounting
System from the list. This feature enables you to export your
purchases into your Accounting System. | |
Default Export Folder |
Select the Default Export Folder, where the file is saved to. NOTE: This does not have to be the accounting system folder. | |
Accounts Payable Account |
Setup the Accounts Payable Account (if applicable). Please configure with your accountant if you are unsure. For some Accounting Systems, you will need to add an Accounts Payable Account in the Optimum Control’s Chart of Accounts (COA) to link to. | |
Average Hourly Wage |
This is used in the sales window to calculate labor cost from a management perspective. Enter an amount that reflects an average hourly wage plus any labor burden (tax, benefits etc) | |
Period Length |
Indicate the Number of days, weeks or months for the period. |
Select Days, Weeks or Months for the Period Length. |
There are three options for Month End Treatment: •Break – will split up an existing period to match month end. •Extend – will prolong the period beyond the original end date set to reach month end. •Ignore – will leave the period as it has been set. | ||
Day of Month |
Month | |
Period Locked Out Automatically |
This box should be CHECKED if you wish the Period to Automatically Lock Out. | |
Period Locked Out on |
Indicate the Day of the Week in which periods are to be locked out on (e.g. Tuesday). | |
Period Locked Out after Days |
Indicate the Number of days AFTER the end of a period that you wish to lock the data from changes. | |
Daily Sale Accounts |
Chart of Account Reference | |
Discounts Employee |
Enter the chart of account for discounts | |
Credit Card Deposits |
Enter the chart of account for credit card deposits | |
Comps |
Enter the chart of account for complimentary discounts | |
Promo |
Enter the chart of account for promotional discounts | |
Cash Deposit |
Enter the chart of account for Cash | |
Money Short |
Enter the chart of account for over short | |
Labour |
Enter the chart of account for labour |