Ledger defaults — enables you to set up the defaults for the Supplier > Defaultstab. These options define the following for all new suppliers created in the system:
Payment Terms
Payment Type
Nominal Account
Tax Rate
.
The default values can be overridden by choosing another value from the selected Supplier > Defaultstab.
Nominal codes — where you can map timesheet codes to the general ledger for integrating applications which use general ledger values.