Creating and maintaining hour items - Financial tab

Introduction

This document provides the information on how to create and maintain hour items in the Financial tab. In this tab, you can define the financial accounts that will be used to record the sales revenue, salary, and realization transactions of the item.

Fields

Financial section

Item group

Type or select the item group of the item. By default, the first item group in a list of item groups that are available in Exact Globe is automatically selected when you create a new item.

Note: When creating an item group, it is mandatory to specify the revenue, stock, and cost of goods sold accounts for a particular item group. Thus, when an item group is selected, the Revenue box will be automatically filled according to the respective accounts specified. For more information, see Creating and Maintaining Item Groups.

Revenue

Type or select the general ledger account where the sales revenue will automatically be credited when the item is sold. By default, the revenue account specified when creating the item group selected will be automatically filled.

Salary payment

Type or select the general ledger account where the salary payment will be credited.

Realizations

Type or select the general ledger account where the realizations or sales cost will be credited.

Related documents

• Creating and maintaining hour items
• Creating and maintaining item groups