Entity settings are no longer located in the left sidebar. Instead, everything has been migrated to the admin centre you can access by clicking on the profile button on the top right of the screen.
You can also access these settings by clicking on the three dot (…) menu next to an entity’s name.
In this menu, you'll see a neat array of settings falling into the following categories:
General
Currency
Layouts
Tax
And, if you are in a consolidation, you will also see:
Consolidation settings
Org structure
Let's break down what you can do in each section.
General
Under General, you can:
Set your accounting basis as either cash or accrual by choosing from the drop-down selector
Select the type of sales tax that applies to your entity
Select your industry (which is vital for benchmarking)
Select your entity type (which is critical for non-profit organizations)
Select your default reporting view (prior month or current month)
Select your preferred date format (MM-DD-YYYY or DD-MM-YYYY)
Select the day your week starts on for reporting purposes
Select your location
Indicate your reporting currency
Decide between a symbol, code, or no symbol as your currency symbol
Choose your currency recon method (equity or P&L)
Indicate if you would like to display units and, if so, how (e.g., with the words "Hundreds" or "Thousands")
Currency
Change your currency settings.
Layouts
Here, you can select your default Layouts for your Profit & Loss or Balance Sheet.
VAT/GST
Here, you can select the following:
Your VAT/GST period
VAT/GST month end
VAT/GST payable after
VAT/GST payable date
Default VAT/GST rate %
Default period
Default VAT/GST account
VAT/GST basis
User invites
Users who do not have access to invite other users (in the admin centre or the user section) can still invite users by clicking on the three dot menu next to the entity’s name and selecting “Manage users”. You can then either:
Add an existing user (someone who is already on Syft); or
Invite a new user.
Consolidation settings
To access disposal and acquisition dates, navigate to Entity Settings > Consolidation settings. You can then click on "Set acquisition/disposal dates" to set these up.
📓Note:
If you have a segment entity, you will also see a section for the specific divisions out of which your segment is comprised.