Setup Group Settings

In Group Settings under Setup, almost all fields are required information. Some of them are to make calculations in the system, and others supply better support when you contact us later.

All fields under Customer Details are used to deliver better support for you whenever you contact us, so keeping these updated is recommended.

You do not need to enter anything into Group Name, and Active Companies under Group Settings, as these are based on your Group Structure.

Period End is important as this field defines which period is your closing period for your financial year. We use this in various calculations, such as in Cash Flow, where we use the closing period from last year as the opening balance.

When selecting Format, there are multiple options, but this formatting of the numbers only applies to the standardized reports that the system supplies you with. You can always select another format before downloading the report for these reports. For that reason, we usually recommend using the Rounding in ones or the No rounding options.