Note:
Before you can associate a master product or service with an accounting
account, you must have first integrated it with ServiceCEO.
Previous Topic: Integrating Master Categories
You can map any individual product and service to a General Ledger (GL) The general ledger is the main accounting record of a business which uses double-entry bookkeeping. It consists of accounts for fixed assets, current assets and liabilities, profit and loss or income and expenditure items, and funds or reserves. The general ledger is a summary of all of the transactions that occur in the company. account.
Note that if the product or service is part of a master category A user-defined grouping of individual services and products., and that master category has already be integrated with an accounting account, then the product or service will already have defined accounts. You can overwrite the default accounts for individual products and services at any time; however, if you ever select a new account for the master category, any changes you made for individual products and services will be overwritten.
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To link an individual product or service with a GL account:
Perform one of the following actions:
Select Tools > Lists > Master Services List or press CTRL+F4. The Services tab of the Products and Services page appears.
Select Tools > Lists > Master Products List or press CTRL+F5. The Products tab of the Products and Services page appears.
Double-click on the service or product that you want to link to a GL package. The Product and Service Detail dialog box appears.
Click the Accounting tab.
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Click Select for the account you want to add/edit. The accounts are:
Income Account. Tracks the income generated by this product/service.
COGS Account. The Cost of Goods Sold account. Tracks the cost of all inventory products.
Inventory Asset Account. The Inventory Asset account. By default, controlled by what you defined in the Company Information dialog box.
Commission Account. Tracks all commissions paid for the sale of this product/service.
The General Ledger Account Links dialog box appears.
Select the account into which you want to export the value from the Account drop-down list.
Click OK.
Repeat steps 4-6 to link additional accounts to specific GL accounts.
Click OK.
Repeat steps 2-8 to edit the GL accounts for additional products or services.
Next Topic: Integrating Time Codes
Back to Accounting Integration Table of Contents