Topic results Company Settings

Twinfield
Create New Financial Year
This document outlines the process for defining financial periods within a company before processing transactions. It explains the various period options available, including standard periods, period 0 for opening balances, and periods 55 and 56 for year-end adjustments and closing balances, respectively. Instructions are provided for accessing company settings, creating a new financial year, and adjusting settings to allow postings to the opening period. Visual aids support the step-by-step process outlined.
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Twinfield
Transaction Types (Twinfield)
The document outlines the customization options for Purchase Invoice templates within a transaction management system. Users can define various settings, such as currency, line numbers, default VAT codes, and final posting confirmations. Additionally, the document details requirements for transaction descriptions, cheque number options, quantity fields, and the ability to add extra free-text fields. The customization process is initiated through the application’s settings.
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Twinfield
VAT Codes
This document outlines the management of VAT codes and rates within a financial system. It details how to access VAT settings, edit existing codes, and add new ones, highlighting essential information for effective VAT configuration, including code type and description. The document also explains VAT rates, including how to edit existing rates, add new ones, and the necessary details involved. Additionally, it covers allocation rules for proper VAT control reporting on VAT returns. Proper setup is emphasized, as inaccuracies can affect trial balance and VAT returns.
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Twinfield
Editing or Creating Users
This document outlines the user role management system within an organization, highlighting the hierarchical role structure with the Super User at the top. It details how to manage user access to various companies, create or edit user profiles, set passwords, and assign roles. The document also includes instructions for granting company access, establishing default companies, and managing user rights related to template companies. Additionally, it addresses user account status, the activation of Single Sign-On for third-party integrations, and the process for inactivating or deleting users.
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Twinfield
Unlocking a user
This document outlines the procedure for unlocking user accounts locked after three incorrect login attempts. A message indicating the account is disabled is displayed to the user. Super users or Level 1 users can reset the lockout status by navigating through the settings to the 'Access settings' and 'Users' section, selecting the locked user's account, and unchecking the 'Inactive user' option before saving changes. Instructions are accompanied by images for clarity.
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Twinfield
Posting a bank statement
This document outlines the process for posting bank statements before including them in reports. It emphasizes that bank statements are posted in full on a daily basis, rather than individual lines. Users can access the bank statement processing list to view outstanding or ready-to-post statements. The document also describes how to post individual statements via an action menu and explains how to select and post multiple statements at once using checkboxes and a Post button.
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Twinfield
Currencies
This document provides a step-by-step guide on how to create new exchange rates in Twinfield. It begins by explaining exchange rates as the value of one currency relative to another. The instructions include selecting the settings icon, entering the currency's ISO code, and filling in details such as the currency's name and exchange rate. Users are guided to click 'Save' to finalize their updates. This guide is intended for those managing currency within the Twinfield platform.
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Twinfield
Creating New Company
This document provides a detailed guide on how to create a new company using an existing template within the Twinfield system. It outlines the mandatory fields required, such as the company template, code, and name. Step-by-step instructions are given for entering these details and customizing company settings, including setting a default bank account and entering tax information. A link to a video tutorial is also provided for further assistance in the process.
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