Set up a batch in general ledger settings

Introduction

A general ledger is a central record of all the school's financial accounts and transactions.

A batch in a general ledger contains sets of individual transactions.

Set up the batch

To configure the batch, go to your finance entity and select Finance settings > General ledger settings, and then select Batch. 

1. In Reporting dates, enter the Audited date. This is the school’s external audit sign-off date.

2. Next, enter the Reporting date. This is the school management's internal audit finance report approval date.

Once you enter this date, you’ll need permission to create a batch. Anyone with security access can grant permission.

You can select Edit to change these dates. 

3. In Minimum amount requiring a community member for taxable transactions, enter the General journal entry and the Cash receipts entry amounts.
   
   If a person or company pays more than this amount, Zunia links the taxable minimum amount to an existing community member. This is to comply with the ATO tax regulations and your school’s tax rules.
   
   You can select Edit to change these amounts to suit your school’s needs. 

4. In General options, select Edit to choose either Yes or No to modify closed batches in the future.

5. When you’re done, select Save.
   
   You've now set up the batch.