Product Line Accounting Info


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Field Name

Description

Account Set:

Used to identify the different currencies that you can sell the product line.

Account Set Name:

Fills in automatically from the account set you choose.

Cogs GL Account:

General Ledger Account Debited For Cost of Goods Sold

Sales GL Account:

General Ledger Account Credited For Product Sales

Sales Return GL Account:

General Ledger Account Debited For Sales Returns

Variance GL Account:

General Ledger Account to Debit For Standard Cost Variance

 

For more complete description of the accounting implications see the accounting information in the documentation on Categories.