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Financial settings: reference

What each setting on Settings > Admin > Financial does, and which ones your payment terms override.

Financial settings live at Settings > Admin > Financial. They hold your payment gateway, shop-wide defaults, fees, finance charges and statement layout. Where a setting and a payment term disagree, the payment term wins.

Applies to: anyone with the Manage Financial Settings permission, which only the account owner has by default.

In this article

Receiving Payments

  • Merchant gateway: the service your customers pay through. Choose Stripe. With None, customers can't pay online but your team can still record payments. See Set up Stripe.
  • Connect Stripe / Disconnect Stripe: links or unlinks your Stripe account.
  • eCheck: lets customers pay by bank account. See Accept bank (ACH) payments.
  • Default currency: can't be changed once set.
  • Minimum payment amount: the smallest payment shown in the payment screens.

Order Settings

  • Checkout flow: only used to create your default payment term when you don't have one. After that, payment terms decide how customers pay.
  • Charge status: used only when a payment term doesn't have its own status.
  • Credit limit and build limit (order limit): the defaults for any company that doesn't have its own.
  • Bounced payment fee: the default fee when you mark a check as bounced.
  • Cash discount percent: the discount your team can apply when recording a cash or check payment.
  • Finance charge: your annual rate, divided by 12 for each month. A company can have its own rate.
  • Interest accrual method and interest accrual threshold: how finance charges build up, and the amount at or under which a charge is skipped.
  • Sales tax presence: the states where you collect sales tax.

Credit Card Convenience Fees

Adds a surcharge to card payments. You agree to the terms, then set the percent, the export class and the message customers see. Each surcharge is recorded as its own paid fee invoice.

Invoice Export

  • Sales export status: the status at which invoices go to the export queue (Verified, In Progress, Completed, Shipped or None).
  • Export mode: Detailed or Ledger.

Statement Editor

Sets the layout of customer statements, with variables you can drop in. See Customer statements and aging.

Other sections

The page also holds Banks, Job Costing, Payroll and Overhead Management. Those are covered in their own articles.

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