<div class="mt-3">
<p><span style="color:rgb(120,7,103);"><strong><span style="font-size:14pt;">Go to the&#160;Setting&#160;menu under the&#160;Accounting&#160;module in the left sidebar -&gt; Select the&#160;General&#160;menu&#160;</span></strong></span></p>
<p><img src="https://app.tagrit.com/media/master/download%20%281%29.png" width="1199" height="504" alt="Tagrit ERP Accounting Settings"></p>
<ul>
<li><b>Reset Data</b>: used to delete all data related to the Banking, Transactions, Journal Entry, Transfer, Chart of Accounts, Reconcile and Budget menu screens created previously. However, in the Chart of Accounts screen, the system only deletes the manually created data, the default data remains.</li>
<li><b>Remove invalid entries</b>:&#160;In some cases the invoice has been deleted but the invoice amount is still mapped in the accounting module. Remove invalid entries is used to delete mapping lines in the transaction menu for which the relevant transaction no longer exists.</li>
<li><span><b>First month of financial year</b>:&#160;</span><span style="color:#475569;font-family:Inter, sans-serif;"><span>you can specify any month as the start of your financial year (also called your financial reporting year or accounting year), default is January. A financial year is a period of 12 months and does not necessarily begin at the beginning of the calendar year. It is used for reporting.</span></span></li>
<li><b><span style="color:#475569;font-family:Inter, sans-serif;"><span>F</span></span>irst month of tax year</b><span>&#160;</span>is used to select the first month of the tax year. There are 2 options:<br>(Currently this field is for selection and display only. We will process the transaction in the future)<br>
<ul>
<li><span style="color:#475569;font-family:Inter, sans-serif;"><span><b>Same as financial year</b>: the month starting to calculate the tax is the same as the month of the financial year</span></span></li>
<li><span style="color:#475569;font-family:Inter, sans-serif;"><span><b>January</b>: Tax calculation starts from January and ends at the end of December</span></span></li>
</ul>
</li>
</ul>
<ul>
<li>The<span>&#160;</span><b>Accounting method<span>&#160;</span></b>field has two options
<ul>
<li>Accrual: When using the Accrual accounting method, you record income and expenses when you send the invoice or receive the bill. The accrual method in reports:
<ul>
<li>This report counts income and expenses regardless of if the invoice or bill was paid or not.</li>
<li>It includes income and expenses even if the money hasn&#8217;t changed hands yet</li>
</ul>
</li>
<li>Cash: When using the Cash accounting method, you record income and expenses at the time you actually receive a payment or pay a bill. The cash method in reports:
<ul>
<li>This report counts income or expenses only once you get a payment or pay a bill.</li>
<li>If you sent an invoice or got a bill but the money hasn&#8217;t changed hands yet, your report doesn&#8217;t include it in your income or expenses.</li>
</ul>
</li>
</ul>
</li>
</ul>
<ul>
<li><b>Close the books</b><span>&#160;</span>is used to close the book. This function helps to ensure that the data entered into the accounting software is correct so that financial statements can be prepared and completed. Reports alert management to how much money is flowing in and out of the business. Management will use the financial statements to analyze the financial aspects of the business and will decide how to improve it.<img src="https://app.tagrit.com/media/master/closs%20books.png" width="761" height="210" alt="Tagrit ERP Close books"><br><br>After turning on<span>&#160;</span><b>Close the books</b>, it will proceed to choose an automatic closing date. Any transactions that occur on this date and before will be protected if we attempt to change . When a transaction occurs on this date or before this date will receive a alert<span>&#160;</span><span style="color:#000000;">"</span><span>Has closed the book</span><span><span style="color:#000000;">"</span></span></li>
<li>The chart of Accounts area is used to enable the<span>&#160;</span><b>Enable account numbers</b><span>&#160;</span>field allowed to work<img src="https://app.tagrit.com/media/master/chats.png" width="507" height="164" alt=""><br>
<ul>
<li>If<span>&#160;</span><b>Enable account numbers<span>&#160;</span></b>is<span>&#160;</span><b>enabled</b>: when creating an account in the<span>&#160;</span><b>Chart of account</b><span>&#160;</span>menu, it will allow you to enter a number field.</li>
<li>If<span>&#160;</span><b>Enable account numbers</b><span>&#160;</span>is<span>&#160;</span><b>disabled</b>: when creating an account in the<span>&#160;</span><b>Chart of account</b><span>&#160;</span>menu, the<span>&#160;</span><b>Number field<span>&#160;</span></b>will not be displayed to enter the account number (account number).<br><br></li>
<li>If<span>&#160;</span><b>check<span>&#160;</span></b>option<span>&#160;</span><b>Show account number</b>: Show account number on<span>&#160;</span><b>reports</b>,<span>&#160;</span><b>transactions<span>&#160;</span></b>and<span>&#160;</span><b>chart of account</b>.</li>
<li>Otherwise, if you do<span>&#160;</span><b>not check</b><span>&#160;</span>the<b><span>&#160;</span>Show account number</b><span>&#160;</span>option: do not display the account number in reports, transactions and chart of account.</li>
</ul>
</li>
</ul>
</div>