The local tab under Settings displays the following fields:
Products, Reviews, Vouchers, Taxes, Account, Checkout, Stock, Affiliates,
Returns, captcha:

 

Products:

Category Product Count: Selecting ‘Yes’ will display how many products are available within each subcategory of the parent categories located in the Top Menu.

Default Items Per Page (Admin): The number of Admin items that can be displayed in the administration.
For example, a ’10’ will limit the number of customers listed under
Sales > Customers to 10 displayed per page. This setting will affect
the number items per page under Catalog > Products, Attributes,
Options, Manufacturers, Downloads, Reviews, Information; Sales >
Orders, Returns, Customers, Affiliates, Coupons, Gift Vouchers; System
> Layouts, Banners, Users, Localisation; and Reports > Sales,
Products, Customers, Affiliates. The only way to change how many items
viewed per page is under this tab.

 

Reviews:

Allow Reviews: Selecting ‘Yes’ allows reviews for products on their
product pages. Selecting ‘No’ will remove this option from the product
page.

Allow Guest Reviews: Selecting ‘Yes’ allows guest to add reviews for products. Selecting ‘No’ will remove this option from the product
page.

 

Vouchers:

Voucher Min: The minimum amount that a customer can enter to purchase a gift voucher.
The number added will be counted in the default currency.

Voucher Max: The maximum amount that a customer can enter to purchase a gift voucher.
The number added will be counted in the default currency.

 

Taxes:

 

Display Prices With Tax: Selecting ‘Yes’ will display the estimated tax on the product’s page
under Price. Selecting ‘No’ will not show the customer the price of
taxes until the checkout.

Use Store Tax Address: The tax estimate will use either the store’s shipping or payment address
if the user isn’t logged into their account with their address
information.

Use Customer Tax Address: The tax estimate will use the customer’s shipping or payment address if they are logged into their store account.


 

Account:

Customers Online: track customer online via customer reports section

Customers Activity: track customer activity via customer reports section

Log Customer Searches:

Customer Group: Select the default customer group that a customer will be sorted into
when they create an account. To edit a customer’s customer group, see Customers.

Customer Groups: Lets the customer select what customer group to be assigned to when first creating their account.

Login display prices: Selecting ‘Yes’ will require the user to create a customer account to
see the prices of products in the store. Selecting ‘No’ will let anyone
with access to the store see the product prices.

Max login attempt:

Account terms: If “About Us”, “Delivery Information”, “Privacy Policy”, or “Terms and
Conditions” is selected, the user will have to read and agree to the
terms of those pages before creating an account with the store.
Selecting “None” will let the user create an account without agreeing to
any terms.