• System Currency: Select the local currency for the system.

• Currencies List: Manage all foreign currencies and their conversion rates.

• GST Types: Manage GST types and rates.

• Default GST Rate: View and update the default GST rate for the system.

• GST Table: Update GST rates to GST types, Activities, and Sales Codes when necessary, after updating a rate on existing and already assigned GST Types.

This section is dedicated to the basic financial setup, including Financial Companies, Currencies, and GST Types.

• Batch Prefix - configure how you want your batch numbers to be constructed:

  • LL for Location Prefix (set it on each Location), T is the type number (these types are hardcoded in the system), YY for the year of the financial Year.

  • LL, T, YY can be combined and the order can be the order of your preference.

• In this section we can change basic system and batch settings as well as a link to Locations.

This section must be set up correctly before the Timesheets section is used.

We can customise the numbering of accounts, invoices, and POs using these settings.

This section is available in detail in Period Ends.

Quick setup of Statutory Framework for report footers:
Workbench Consultants & Contract Administrators want to ensure Contract Payment Claims (and final AR Invoices) reference the correct statutory framework that applies to each Project’s territory. There is a risk that the Client may not be required to comply with the Act if it is not referenced on the Payment Claim.
This ensures:

• No need to remember, as it is part of the wizard, so it won;t be missed.

• The correct Act reference is listed, ready to be used on the corresponding Settings only in a few clicks.

• Easy to update if the Acts change in the future. They are entries in the Lookup table.

How it works:

1. Select the Act/s that apply with the checkbox on the left.

2. Select one or both Settings that you want this Act to be applied to

   1. Report Contract Claim Footer

   2. Report AR Invoice Footer.

3. Apply changes with the Save button at the bottom of the page.

4. This feature populates the Settings at a Global level. If you also need to set the footers at Profit Centre Level or Location level (for example, if you have Projects in different territories), you can use the Copy option to copy the exact text into your clipboard, and navigate to the Settings using the Review Setting quick access.

5. Also, use the Review Setting to open the Settings and add any additional information, like Bank Accounts or any Terms and Conditions.

6. Once the Global Setting has a value in it, no changes can be saved from the Wizard, to avoid overwriting it without noticing.

Learn other options to add https://webwbdoc.atlassian.net/wiki/spaces/DOC/pages/2361163781

If Zero Base is enabled here instead of generating the initial snapshot from a previous period, the system creates an initial snapshot for the state of all stock at all locations from time zero i.e. for all transactions up to the specified Year Period.

See details for Stock Setup & Initialisation here https://webwbdoc.atlassian.net/wiki/spaces/DOC/pages/705462550/Stock#Setup-%26-Initialisation%3A

This is used for initialisation of the Stock module. Similar functionality exists in Month End Wizard.
Technical details should not be altered for hosted clients.