Financial Settings Configuration Example

Summary

In this example we will configure financial settings on an owner. We will set the financial year to start in February, add a new currency “Australian Dollar” and update the owner’s default currency to Australian dollars.

For additional details on the fields presented on this screen see the Owner Configuration screen help guide.

Contents

Prerequisites

• Financial Settings can be setup immediately, there are no prerequisite configuration steps.

Sample Configuration

Setting the Fiscal Year Starting Month

1. Log into your LogiSense Billing application

2. Click on the Setup menu and then click on User & Accounts

   

3. Click on Owners and the screen below will appear from which default owner settings can be configured for financial settings

   

4. Click on the Fiscal Year Starting Month field to specify when the fiscal year will start for this owner (the fiscal year factors into reporting and revenue recognition)

   

5. In this example the fiscal year has been set to February. It will display in orange to indicate that unsaved changes have been made

   

6. Click Save to commit the changes and set the owners fiscal year to start in February

Adding Currencies

1. Load the Owners screen

2. Under Financial Settings section under the Currencies tab click into the Currency field to select currencies to add to the owner

   

3. Select a currency e.g. Australian Dollar and then click the + Add button

   

4. The Australian Dollar will now appear as an unsaved change in the owner’s list of currencies

   

5. Click Save at the bottom of screen and the following prompt will appear alerting you that other entities may require updates

   

6. Click Yes to accept the change

Editing Currencies

1. Load the Owners screen

2. Under Financial Settings section under the Currencies tab locate the currency you wish to edit

   

3. To edit the currency, click on edit icon () next to the currency and the Edit Currency modal will load. From here you can modify the currency as needed. For example, the Australian Dollar can be made to be the ‘Default’ currency for the owner as shown in the image below

   

4. After you have finished making changes click on Update and then Save to commit the changes to the currency

Removing Currencies

Remove currency

1. Load the Owners screen

2. Under Financial Settings section under the Currencies tab locate the currency you wish to delete

3. To remove a currency e.g. “Australian Dollar”, click on the button next to the currency and then the button to mark the currency for deletion

   

4. The currency will now be marked for deletion, to remove it click the Save button at the bottom of the screen

   

Result

<<demonstrate that the configuration setup above is now functional (e.g. can be added to other screens)>>

Next Steps

<<documentation team task: link to next configuration article>>

Related Guides

<<documentation team task: link to API guide which covers the same config process>>

<<documentation team task: link to Data Import guide which covers the same config process>>