Specifications

10  Lesson 5 Computer Tutorial 3
EXHIBIT 5-6
G/L Options window, Posting tab
The G/L Options window has four tabs: Company, Account, Posting, and Segments.
Information about each tab follows.
Company tab. This tab lists information about the company, such as name, address, and
contact information.
Account tab. This tab shows the functional currency selected during setup. There are also
check boxes where you can select to use Multicurrency, Account Groups, and Maintain
Quantities. This is also where you specify the default retained earnings account to which
income statement accounts would be closed at period end.
Posting tab. On this tab, you can lock budget sets, which prevents users from changing
budget information. There are also check boxes where you can select to: Allow posting to
previous years, Allow provisional posting, or Force listing of batches. You can enter a default
source code here as well. Options concerning the editing of imported entries can also be
selected. You can specify how long certain data will be maintained. You can also get posting
statistics here.
Segments tab. This is where you would define the segments to be used in creating account
structures (the format of the account numbers).
In Exercise 5.6, you post an adjusting entry to a previous year.