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