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Defining Accounts for Products

Using the Product Maintenance screen, you can set the GL and revenue accounts associated with a product. The GL Accounts screen is used to define receivable, pre-paid liability, write-off, cancellation, and discount transactions as well as the pay priority of a given product within an order. Also, it is used to define tax categories (e.g. US, GST, and VAT).

The only searchable accounts are ones with proper Account Function codes set in the GL Account Maintenance screen. Please refer to Defining Default GL Accounts for more information.

The Revenue Accounts screen is used to define the income and deferred revenue accounts used in sales and receipt transactions. Revenue can be distributed across multiple accounts or companies by percentage of the sales amount. Where multi-company transactions exist, Personify will create inter-company transactions for the revenue distribution.

If you type the accounts instead of clicking the link and searching for them, the account will not save to the database.