How to set up an additional income under Sales to be displayed under sales in the income statement (Profit and Loss)

Pre-requisite: you may need to have Accounting role to access certain feature of this article.

1. Create a New Chart of Account
   • Navigate to Accounting > Chart of account
   • Enter a descriptive name for the new income account.
   • Please refer to this solution link for more guidance: How to create Chart of account
   
   
2. Edit your existing Products/Services.
   • Go to Products/Services.
   
3. Edit the products, click on edit this document.
   
   
4. Go to product / service - > advanced
   
   
5.  Scroll down, In associated account - choose *income account you just created* save after done.

   
   
   

   
   
   
   
   
   • Here are the steps to view if the account is correctly linked and reflected in the Profit and Loss (P&L) statement:
   
   1. Create a New sales invoice for the item you just created.
   *The Chart of Accounts you just created will reflect and affect future invoices, not previous ones. This means that any new transactions recorded under this account will appear in future Profit and Loss statements, while past invoices will remain unchanged.
   
   2. Go to Accounting> Profit and loss
   
   
   3. Select the date range in profit and loss and Click on search.
   •The account is properly linked and displayed in your P&L statement.
   4. You may click on the account you just created, and it will lead you to the ledger page. 
   Here, you can view detailed transactions and ensure that future invoices are recorded correctly under this new account.
   
   5. If you click on the Reference No., it will lead you to the sales invoice associated with that entry. 
   
   • This allows you to track every transaction and verify how it appears in the P&L report.