Go to Navigation Panel > Company Setup > Default Settings
Click the 
icon to change the default values.
BIR Reports Parameter
Provide default values of specified fields on your BIR Reports.
Purchase Order Terms and Conditions
Provide descriptions of your Purchase Order's clauses.
System Preferences
Provide system preferences that suit your company's business flow.
System Settings
Set authorization levels or approvals on every modules. Provide default system
settings on your system.