How do I define the Aging Periods?
You have the option to define the aging based upon the Invoice Date or the Payment Due date. For either option you can define if the aging is by calendar month or you can define the length (in days) to be included in up to four aging Periods. To set up aging periods go into File>Financial Configuration>Aging Periods and enter the period days and aging basis
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How do define how Purchase Orders are numbered?
The settings for Order Number generation is defined against the Purchase Types records. Go into Purchasing>Settings>Purchase Types and you can define if you want Automatic or Manual Order Numbers. If 'Manual' is selected then you are required to type ...
How do I define various document ‘start’ numbers?
Go into File>System Configuration>System Settings and click on the System Numbering tab. Automatic numbering is used extensively throughout Ostendo. This screen enables you to define and maintain auto-numbering covering the various documents. If you ...
How do I define the Tax Accounting Basis for my Business?
Ostendo allows you to define one of three Tax Accounting options depending on how you collect and pay Tax. The options are · Invoice: Sales Revenue and Tax Amount are posted at time Invoice was raised · Cash Immediate Sales: Sales Revenue is posted ...
How do I set up Tax Codes and define the way they are used?
Tax is evaluated at Order Line Level. This is achieved by having a Tax Group against each Customer/Supplier and another Tax Group against each Item/Descriptor. When creating an Order the Customer (or Supplier)/Item (or Descriptor) combination defines ...
How do I prevent financial entries to prior or later periods?
You can prevent financial entries prior to a user-specified date by going into File>Financial Configuration>Cutoff dates. There are three separate dates; each covering a specific area. These are: - Order, Order Transactions, and Inventory - Supplier ...