Before using any finance features, it is essential to set up your Finance Settings. This ensures that all financial operations are configured correctly from the start.

Required LRM Access: Owner, Admin & Sales Admin

1

To access and configure your Finance Settings, follow these steps:

Navigate to LRM > Finance
On the left navigation bar, click on Settings

You will find the following tabs available for configuration:

General Settings
Invoice Settings
Quote Settings
Pricing Versions
Fee Types
Finance Items
Templates

2

General Settings

The General Settings tab is relevant to both quotes and invoices. Here, you can input key company details that will appear on your financial documents.

In this section, you can:

Upload your logo
Add your Trading Name
Add contact details:
- Email
- Contact Number
- Address
Enter your ABN (AU Only)
Select Default Currency
Select Default Pricing Versions

3

Invoice Settings

In the Invoice Settings tab, you can configure the default values for how your invoices will be issued and managed:

Enter the number of days invoices are due.
Enter the invoice Terms.
- These terms are applied to invoices at the time of issue.
- Updating Invoice Terms will not affect invoices that have already been issued or accepted.
- Updating Invoice Terms will affect invoices still in draft status.
Enter the “From” email address for invoice notifications.
Enter the “Reply To” email address — this can be the same as the “From” email address.

4

Quote Settings

In the Quote Settings tab, you can configure the default values for your quotes:

Set the number of “Valid Days”.
- The Quote Expiry Date will be automatically calculated based on this value, though it can be manually overridden if needed.
Enter the Quote Terms.
- These terms will be applied to quotes upon issue.
- Updating the default terms will not impact already issued or accepted quotes.
- However, changes will apply to draft quotes.
Enter the “From” email address for quote notifications.
Enter the “Reply To” email address, which can be the same as the “From” email address.
Select whether a Purchase Order Number is required.
- If set to YES, the customer must enter a purchase order number before they can accept the quote.
Select whether Supporting Documentation is required.
- If set to YES, the customer must upload at least one document to accept the quote.