Select this field to verify that the same combination of budget elements (GL accounts, sub-accounts, cost centers, projects, and SAFs) is not being used in different budget topics or in different budgets. This setting is only applicable for budgets that also overlap in time; for example, overlapping budget periods. When the field is selected, the system generates an error message when a conflict occurs.

This verification process adds considerably to the length of time taken to save and run a budget.

Indicate if revaluation amounts of profit and loss accounts (income and expense accounts) should be reversed at the beginning of the next GL period. This is a legal requirement in some countries.

Indicate if this entity is to be used as a target entity to store the results of consolidation. The consolidation process transfers GL transactions from source entities to a target entity with Consolidation Entity enabled by means of a journal entry. See Consolidation for details about consolidation.

Specify the number of decimals used in GL quantity fields.

If you plan to use the Chinese Golden Tax module with this entity, specify the highest invoice amount allowed. For details about the effect of this setting, see QAD Global Tax Management User Guide.

The exchange tolerance verifies whether the realized exchange gain or loss on foreign currency payments is reasonable. The realized gain or loss amount in base currency is compared with the base currency equivalent of the amount paid and expressed as a percentage:

If that percentage is higher than the maximum allowed tolerance, an error message is displayed in the payment transaction.

The default is zero, indicating you are not using exchange tolerance.

When a payment is entered in a foreign currency, you are prompted to enter the exchange rate. The exchange tolerance verifies whether this rate is reasonable.

Exchange tolerance represents an important control point for processing multiple currencies, preventing data-entry errors.

When you run Year End Closing Execute, the system checks if there is an outstanding balance on the Auto Balance system account. Use this field to specify how Year End Closing proceeds in the case of an outstanding balance. The options are:

See Journal Entry Auto Balancing and Year-End Transactions.

Select a mirror accounting configuration level. You can choose to enable mirror accounting setup per domain, or per entity.

See Mirror Accounting.

Specify a setting for the netting of open items across business relations using Open Item Adjustment Create (25.13.5). This field provides three options for the netting of open items across business relations.

See Open Item Adjustment for more information on adjusting open items.

Select this field to enable open items to be adjusted across entities. This field is enabled by default.

When this option is enabled, you can use Open Item Adjustment Create (25.13.5) to display and net items from other entities.

When an open item adjustment includes cross-entity transactions, the entities involved must have compatible netting control settings. If the entities have different control settings, the most restrictive setting is applied.

For example, if one entity has a netting restriction of Single Business Relation, the whole open item adjustment must be for a single business relation. If there is a conflict with the most restrictive control setting, an error is displayed and the open item adjustment cannot be saved.

If this option is disabled, the All Entities field in Open Item Adjustment Create (25.13.5) is disabled for editing, and you cannot display and net items from other entities.

See Open Item Adjustment for more information on adjusting open items.

Select this field to enable SEPA messages to be displayed when working with transactions involving SEPA payment references. If this field is selected, warning messages are shown in this entity for transactions of type SEPA that do not include valid SEPA references. By default, this field is not selected. For more information, see SEPA.

Specify how the system treats open items during payment processing when a customer and supplier belong to the same business relation. This option is enabled by default.

When customer and supplier compensation is enabled at entity level and an open item adjustment involves transactions from two different entities, customer and supplier compensation must be enabled for both entities in order for the adjustment to be saved. In addition, the corresponding Customer/Supplier Compensation Allowed field must be enabled for the business relations involved in the adjustment. This restriction applies regardless of the entity’s netting restriction or whether the customer and supplier compensation is cross-entity.

When customer and supplier compensation is disabled at entity level, you cannot net items from customers and suppliers with the same business relation. This setting overrides the Customer/Supplier Compensation Allowed setting at the business relation level for customers and suppliers.

See Open Item Adjustment.