Magaya Software Accounting Manual

ACCOUNTING CONFIGURATION
MISCELLANEOUS ACCOUNTING CONFIGURATIONS
Miscellaneous Accounting Configurations
This screen include various settings:
Periodic Invoices: To invoice periodically means that all charges generated for
a customer will be accumulated in a single invoice as the end of the period (week
or month). For any customer that you set this option for, the system will add
charges to one invoice. To invoice customers periodically, click one of the
options:
• Do not apply
• Weekly (Fridays)
• Monthly (this option enables you to set up to five dates in a month to
invoice customers)
The option you set here becomes the default in the system. To change a setting
for a specific customer, go to that customer’s profile and make the change on the
“Pmt Terms” tab.
The “Periodic Invoices” option can also be set up in the Payment Terms (“Pmt
Terms”) tab of any Customer profile. In that screen, you can determine per
customer how to apply the periodic invoice, customizing how the period
invoices are handled for an individual customer.
Sales Tax: To keep the sales tax for purchases you make and hold it as sales tax
credit, check this box. This will apply when you are paying your sales tax. For
example, You create a check to pay sales tax. The check is payable to the tax
authority or agency such as the state or county. The total that you will pay will
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