Overview on Company Defaults in Thrive Accounts
Trojan Support User
15 steps
29 seconds
Thriveaccounts
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Navigate to <https://app.thriveaccounts.com/> and open the Admin module.
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Click "Company Defaults"
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Click "Edit" to start making changes.
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Under Sales, the General Ledger Account entered will be the default general ledger account used for sales line items, and the prompt for creating Fee type transactions.
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The Sales VAT Code entered here will be the default for each line item on a sales transaction if the customer's VAT Code hasn't been set on their account record.
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Lastly, the "View Type" dropdown is for choosing the view when you create a new transaction - You can choose from Product Type or Fee Type.
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Under Purchases, the General Ledger account entered will be the default general ledger account used for purchase line items, and the prompt for creating Fee type transactions.
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Like with Sales, the "Purchase VAT Code" entered here will be the default for each line item on a purchase transaction if the supplier's VAT Code hasn't been set on their account record.
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And again, you can select the default View Type for purchase transactions here - Product type or Fee type.
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For discounts, entering a General ledger account here will make it the default for receiving any payments discounts.
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The same is for entering a General Ledger account here, making it the default for discounts given on receipts.
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You can enter the default General Ledger account for Currency Variations here.
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Use the "Sales Location" dropdown to choose the default location for stock on product type sales transactions .
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And use the "Purchases Location" to choose the default location for stock on product type purchase transactions.
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Click "Save" to apply your changes. Note - You should ensure that you have not re-used the same General Ledger account across multiple fields - such as using the same General Ledger account for Sales and Purchases. This can cause major issues for your accounts.
For any further information on the Company Defaults, please contact the Thrive Support team.
