Base currency, fiscal year and financial settings
Base currency is the reference for reports and entries. Document currency and exchange rate support another currency; they are different settings.
Practical SINAD Business and shared-settings guides: company and team, sales and purchasing, inventory, accounting and reports. Follow workflows with screenshots and related guides.
Base currency is the reference for reports and entries. Document currency and exchange rate support another currency; they are different settings.
A tax definition provides an invoice option. Statutory deductions affect relevant payroll calculations; do not take legal rates from guide examples.
Approval policy determines who can post a document meeting an amount threshold. Permission to create does not imply permission to approve.
Read inventory by warehouse and variant. Availability may differ from total quantity; inspect movements and reservations shown on screen.
Opening balances represent company assets and obligations when starting SINAD. Tabs cover cash, parties, stock, checks and ledger accounts.
The chart classifies assets, liabilities, equity, income and expenses. A parent organizes the tree; a posting account receives entries.
Use a manual entry when no suitable operational document covers the accounting event. Review invoice-generated entries alongside their source invoice.
A receipt records incoming money, a disbursement outgoing money. Allocation connects payment to settled invoices and differs from recording the amount alone.
Recording a check is not cash collection. Follow state, maturity and available actions for incoming or outgoing checks.
Treasury gathers accounts and movements. Reconciliation compares recorded and verified balances; matching connects movements with bank statements.
Period closing protects accounting history; assets track long-lived value; budgets support comparison; revaluation handles foreign-currency balances at a date.
Reports depend on data, period and filters. Trial balance reviews accounts; balance sheet shows financial position; profit and loss measures a period; cash flow explains movements.
Employee records feed payroll and reports. Salary setup is not actual payment; review period calculation, approval and disbursement separately.
A physical count compares actual stock with recorded balance. Adjustments address documented differences; opening balances are for migration, not new discrepancies.
A fixed asset is used over multiple periods and differs from goods held for sale. Record acquisition and accounting mappings before depreciation; inspect each resulting entry.
Period closure protects approved work under system controls. An incorrect date or unposted documents can leave reports incomplete.
A budget is a financial plan for comparison, not an entry changing actual balances. Align accounts, period and currency so differences can be explained.
Revaluation reviews foreign balances at a dated rate. It differs from changing base currency or an old document's rate; inspect balance scope and the generated entry.
When manufacturing is available, separate planning from actual execution and material consumption. Sales-item settings do not replace manufacturing specifications or components.