Finance settings is where you tell NexerIQ how to handle the accounting behind your day-to-day documents — which ledger accounts to post to, how customers pay you, and the credit terms you offer. Setting these once means invoices, payments, and receipts are recorded consistently without manual bookkeeping. You'll find this under Settings → Finance (the page is titled Finance Settings).
Set your default GL accounts
On the Setup tab, the Default GL Accounts card holds the accounts NexerIQ uses for automatic journal posting. For each field, pick an account from your chart of accounts:
- Accounts Receivable — what customers owe you.
- Sales Revenue (default) — income from sales.
- Sales Tax Payable — tax you collect on sales.
- Bank / Cash — your default cash or bank account.
- Accounts Payable — what you owe suppliers.
- Purchase Expense (default) — default expense account for purchases.
- Input Tax Recoverable — tax you can reclaim on purchases.
- Choose the right account in each box.
- Click Save on the card.
Configure receipt methods
The Receipt Methods card lists the ways customers can pay. To add one, click Add Method, then fill in the row:
- Code and Name — a short identifier and a friendly label.
- Type — Cash, Bank Transfer, Card, Check, Other, or Online.
- Destination — for non-online methods, choose where the money lands: a Bank Account or a clearing account.
- Account / Provider — pick the bank account or ledger account, or for Online methods, select a connected payment provider.
- Default and Active — mark one method as the default and toggle whether each is in use.
Click Save on the card when you're done. Online methods linked to a payment provider are managed by that provider — their destination and settlement account come from the connected integration, so some fields are read-only.
Define payment terms
Open the Payment Terms tab to set the credit periods you offer. Click New, then enter a Code, a Name, and Days Net (how many days a customer has to pay). Tick Default to make a term apply automatically, and use the Status toggle to keep older terms inactive without deleting them. Save to apply.
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