GL Accts Tab

This option allows the creation of General Ledger Accounts from within the inventory module. The TransActPOS application will release general ledger information to a variety of accounting packages. The GL Accounts tab within the inventory screen maintains the accounting information for each item. If these fields are left blank, the system will automatically utilize the defaults established within the System | Company Setup | GL Accounts Page 1, 2, & 3.

The following accounts can be assigned on a per item basis. Depending upon the level of detail required within your general ledger system, TransActPOS could be configured to provide the correct amount of detail for each transaction.

Inventory
P.O. Clearing
Adjust Cost
Issues
Receipts
Physical

Sales Link Code

Link codes are utilized by the system to control the sales, cost-of-goods sold, and sales discounts of specific types of sales. For instance, a sales link code could be created for all hard goods versus soft goods. Each link code will have its own sales, Cost of Goods Sold (COGS), and discount account allowing proper reporting of sales.

Review Explain GL Sales Codes for further information.