Configuring organization financial settings

Organization settings provide defaults and rules used by new projects, contracts, and invoices.

Best for: Organization administrators · Requires: Financial administration access.

Settings can include:

• Track Materials Stored
• Default Retention Percent
• Hide Budget Codes on Owner Pay Applications
• Billing Period Due Date Day
• Require Cost Type on Line Items
• Hide First Level Cost Codes
• Lien Waivers

Set defaults before creating many contracts. Updating an organization default does not guarantee that existing SOV lines or invoices will be rewritten.

Enable Track Materials Stored when invoices need to separate completed work from materials stored but not yet installed. Enable Lien Waivers only when the organization intends to manage the related document workflow.

Next, configure the project's budget type.

Back to Financials Help