Account Department - Configurations

1. Initial Setup

Accounting module configurations will affect how various modules integrate with the accounting module for day to day transactions.

The main configurations are:

1) Cash book

2) Card Payment Configurations

3) Opening Balance

4) Business Group / Business Entity / Department / Profit & Cost Center (PCC)

Wavelet EMP has been designed with big corporations in mind, even though most of the small and medium businesses would only have one business group, one business entity , one department and one profit and cost center. It is important to note that each profit and cost center in Wavelet means a separate balance sheet, profit and lost statement in the accounting module. This also means that branches tied to different PCC cannot transfer stock to each other. Cash transfer could only be done for cash books belong to the same PCC.

5) Store Locations

6) Branches

2. Deleting / Renaming GL Codes

In Wavelet, the system does not allow the users to delete a GL Code that have been created, however, the system allow users to merge the GL Code. By merging a GL Code (A) with another GL Code (B), we are effectively deleting the Old GL Code (A), or renaming GL Code A to B. To merge a GL Code, click ACCOUNTING -> CONFIGURATIONS -> "Merge GL Code".