Configuring organization financial settings

Organization settings give new projects, contracts, and invoices a consistent starting point.

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 these defaults before creating a large number of contracts. Changing an organization default later does not guarantee that existing SOV lines or invoices will change with it.

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