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How to Configure General Settings in Invent ERP to Streamline Operations and Ensure Compliance

Learn how to set company details, fiscal year and tax rules, default currencies and languages, enable user roles and permissions, and configure notification and logging preferences to keep processes consistent and compliant across the organization.

Follow these steps to customize your system settings, streamline your operational workflows, and ensure financial compliance.

1. Accessing Settings​

  • In the side menu, navigate to the Configuration section.
  • Click on Settings to access your system customization options.

2. General Settings​

  • Under the General tab, you can reset your password and configure your automated Invent ERP Periodic Report schedule to keep your data reporting consistent.

3. Sales & Invoicing​

  • Invoice Policy: Configure your preferred invoicing policies to ensure seamless billing processes.
  • Quotation Validity: Set a default validity period for your quotations to save time during sales entry.
  • Customization: Tailor your invoices by enabling proforma invoices, local purchase orders, or adding your default terms and conditions.

4. Accounting Configurations​

  • Tax & Fiscal Rules: Set your default tax rates for sales and purchase orders and select your fiscal country.
  • Rounding: Define your preferred rounding method for invoice prices.
  • Currency: Set your primary business currency; the system will handle currency rates automatically.
  • Journals & Accounts: Designate the journals to save your accounts and enable custom accounts for receivables and payables.
  • Fiscal Periods: Effortlessly set up your business fiscal periods by defining the last month of the fiscal year and locking dates to maintain financial accuracy.

5. Compliance & Reminders​

  • Tax Reporting: Easily configure your business tax return schedule.
  • Reminders: Create automated reminders to ensure you stay on track with accounting and operational deadlines.