General Ledger Account Setup for Sales and COGS

Acctivate allows users to configure which General Ledger accounts to assign for Sales and Cost of Goods Sold.  In Acctivate, browse to Configuration Manager > Sales Orders > Sales/COGS.  You will find the Sales / COGS accounts section.  Here, you can select the option to enter in the GL Accounts based on:

  • Product Class
  • Branch
  • Sales Category
  • Salesperson
  • Customer Type

Sales COGS

Depending on which option is chosen from the Accounts selected by field, users can browse to the related section in Configuration Manager and find the Sales GL Account and the Cost of Goods Sold GL Account fields.  As an example, if you set the Sales/COGS option to use Product Class as how you will set your Accounts, you can browse to Inventory > Product Class and find the Sales and COGS GL Account fields for each Product Class you have set up.

Product Class Configuration

Posted in Accounting, Configuration, QuickBooks and Sync - Last modified on December 21, 2015Lauren Stine
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