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General Accounting Settings | Accounting & Bookkeeping Software UK.
The General Accounting Settings in Britixo give you full control over how your financial data is managed and reported. From choosing your financial year and accounting method to resetting data or closing your books, these settings ensure your accounts remain accurate and compliant.
Access General Settings
From the left sidebar , go to Accounting .
Click Settings .
Select General .
Reset and Clean Data
Reset Data – Deletes all information related to Banking, Transactions, Journal Entries, Transfers, Chart of Accounts, Reconciliations, and Budgets.
Default Chart of Accounts data remains untouched.
Only manually created accounts are deleted.
Remove Invalid Entries – Cleans up data when an invoice is deleted but its amount still appears in accounting records.
Deletes transaction mappings where the original transaction no longer exists.
Financial and Tax Year Setup
First Month of Financial Year – Choose the starting month of your financial year.
Default is January .
Useful if your business financial year does not align with the calendar year.
First Month of Tax Year – Select when tax calculations begin. Options include:
Same as financial year – Tax starts at the same time as your financial year.
January – Tax calculations start from January through December.
Choose Accounting Method
Accrual Accounting
Income and expenses are recorded when invoices or bills are issued.
Reports include unpaid invoices and uncollected income.
Best for businesses that want a complete picture of finances.
Cash Accounting
Income and expenses are only recorded when payments are received or bills are paid.
Reports exclude transactions where money hasn’t exchanged hands.
Useful for simpler cash flow tracking.
You can compare both methods in Britixo reports to see how they affect your financial statements.
Close the Books
Close the Books secures your accounts at a chosen date.
Once enabled, transactions on or before the closing date cannot be changed.
If edits are attempted, Britixo shows an alert: “Has closed the book.”
This ensures the accuracy of reports and prevents retroactive changes after finalising accounts.
Chart of Accounts Options
Enable Account Numbers
When enabled: You can enter account numbers when creating accounts.
When disabled: The number field is hidden.
Show Account Numbers
Displays account numbers in reports, transactions, and the chart of accounts.
Hides account numbers in all views.
Tip: Always set your financial and tax year correctly before entering data. Changing these settings after transactions have been created may cause discrepancies in your reports.
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- ⚙️ Settings & Customisation
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- Accounting and Bookkeeping Module Guide
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- Income Statement Modification
- General Accounting Settings
- Change Accounting Method on a Report
- Account Detail Types
- Banking Rules & Import Bank Transactions
- Plaid Environment & Bank Account Setup
- Chart of Accounts
- UK Bank Accounts
- AI Based Mapping Setup
- Create Item Mapping Setup
- Create Tax Mapping Setup
- Invoice Mapping
- Create Payment Mode Mapping
- Payment Mapping from Sales Invoice
- Create Expense Category Mapping
- Automatic Expense Mapping
- Tax of Expense Mapping
- Credit Note Mapping
- Credit Note Refund Mapping
- Inventory Receiving Voucher Mapping
- Inventory Delivery Voucher Mapping
- Loss & Adjustment Mapping
- Opening Stock Mapping
- Employee Payslip Mapping
- Purchase Order Mapping
- Purchase Invoice Mapping
- Purchase Payment & Refund Mapping
- Purchase Order Return Mapping
- Manufacturing Order Mapping
- Sales Order Return & Refund Mapping
- Assets Mapping
- Licenses Mapping
- Component & Consumable Mapping
- Maintenance & Depreciation Mapping
- Create a Journal Entry
- Record a Transfer & Add a Vendor
- Create a Budget
- Bank Transaction Matching & Reconciliation
- Configure, Void, and Reprint Cheques
- Add, Approve, and Pay Bills with Cheques
- Calculate Gross Profit by Product
- Opening Balance for Customer and Vendor
- Pay Bill With Bank Payment or Credit Card
- Set Up Accounting: Chart of Accounts & Opening Balances
- Record Transactions: Journals, Bills, Recurring & Transfers
- Bank Accounts & Reconciliation (CSV Import) in Britixo
- Trial Balance, P&L, Balance Sheet & Tax In UK Accounting
- HR & Payroll Setup: Employees, Pay Items, Leave
- Running Payroll: Pay Runs, Payslips and Accounting Postings
- Offer Britixo as SaaS: Packages, Onboarding & Billing
🧠 Still need help?
Check out the full documentation or explore our video library or follow the link below to create a support ticket.
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All queries: Sales @ Britixo.com
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