GL Sales Codes

Once the structure of the income statement is known, creating the required GL Sales Codes is a straight forward process.   Refer to the Explain Sales Codes for more information regarding the details of the GL Sales Codes functionality.

 

To create a new GL Sale Code, select New from the GL Sale Code Maintenance menu. Next, enter the Customer Code and Item Code for the specified code, then indicate the Sales Account, Cost of Goods Sold Account, and the Sales Discount Account.  

 

 

One of the GL Sale Codes should be selected as the Default GL Sales Code.  The default code will be used if the system can not determine the appropriate code to use during a sale.   The Active GL Sales Code indicates if the selected code can be used by the system.