Debtors Control: Select the account code for aggregating the sales ledger balances

Creditors Control: Select the account code for aggregating the purchases ledger balances

Default Bank: Select the most likely bank account code for aggregating bank / cash transactions

VAT on Sales: The system automatically posts VAT on sales into this account

VAT on Purchases: The system automatically posts VAT on purchases into this account

Sales Discount: The system automatically posts sales discounts into this account

Purchases Discount: The system automatically posts purchases discounts into this account

EC Acquisition VAT: The system automatically posts EC Acquisition VAT into this account

Retained Earnings: The system automatically posts Retained Earnings into this account

Withholding Tax: The system automatically posts Withholding Tax into this account

Default Sales: Select the most likely account code for aggregating sales transactions

Provisions: The system automatically posts Provisions into this account

Prepayments: The system automatically posts Prepayments into this account

Bad Debts: The system automatically posts Bad Debts into this account

Miss–postings: The system automatically posts Miss-postings into this account

Suspense: The system automatically posts Suspense into this account

Contra Entries: The system automatically posts Contra Entries into this account

Range of Bank Accounts: Specify the range within which the system expects your bank codes to be defined