3549 views Overview
The Transaction Settings section in General Settings allows you to configure default behaviour for Sales Invoices, Sales Orders, and Sales/Purchase Returns. These settings help standardise transaction entry and improve efficiency across your business operations.
Benefits
- Control Item Rate Calculation in sales invoices.
- Quickly Access Item Price History during billing.
- Set Customer-Specific Item Rates automatically.
- Enable GST in Sales Orders when required.
- Allow Return Entries for Previous Financial Years.
Access Transaction Settings
Steps
- Go to Settings → General Settings.
- Open the Transactions tab.
- Configure the required settings.
- Click Save to apply the changes.
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Sales Invoice Settings
| Option | Description |
|---|---|
| Item Rate Calculation Based On | Defines whether item rates are entered as Inclusive GST or Exclusive GST. |
| Show Price History in Sales Invoice | Displays previous selling and purchase prices of items during invoice creation. |
| Set Party Wise Item Rate | Automatically applies customer-specific last provided item rates in sales invoices. |
Sales Order Settings
| Option | Description |
|---|---|
| Enable GST in Sales Order | Allows GST calculation and tax fields in Sales Orders. |
Sales/Purchase Return Settings
| Option | Description |
|---|---|
| Set Sales/Purchase Return for Previous Financial Years | Allows creation of sales and purchase returns against transactions from previous financial years. |
Important Notes
- Changes made in Transaction Settings affect future transactions.
- The selected Item Rate Calculation Based On setting impacts item pricing in sales invoices.
- Party-wise item rates must be configured for customers before using the Set Party Wise Item Rate option.
- Enabling GST in Sales Orders affects tax calculations and related reports.
- Allowing returns for previous financial years should be used carefully, as it may impact historical accounting and GST records.
Result
- Sales, order, and return transactions follow the configured business rules.
- Users can streamline invoice creation and improve pricing consistency.
- Transaction behavior remains standardized across the system.
Need Assistance?
If you need help configuring Transaction Settings, please contact the support team.
