Alternate Product General Ledger Accounts

When invoicing your products, you can control where the revenue from the product line appears on your balance sheet in your accounting system.  For example, you want to separate your labour revenue from materials revenue, or separate categories of materials into different sales accounts. Setting a product level general ledger (GL) account for revenue and or expense accounts will over-ride the default mappings in your accounting settings.

Alternate GL accounts can also be used to assign asset or liability accounts to products setup to specifically to enable retention and deposit workflows.

You can assign product specific sales and expense accounts when setting up new, or editing existing products.  Select the required GL account from the following dropdown:

• For invoicing, select the required alt GL account from the Sales Account dropdown.
• For purchasing and cost of goods sold (COGS), select the required alt GL account from the Expense Account dropdown.

Product GL accounts can also be added or updated in bulk from a csv file.

Note: If the required account is not available in the dropdown list.  Ensure the account is setup correctly in your accounting system, and re-sync your GL accounts, Get Chart of Accounts from your accounting integration.