What Is a Product Associated Account? (New Vers.)

What Is a Product Associated Account? (New Vers.)

Associated Account: It's used to select which account under COA is this product linked with. Meaning when selling/buying this product, the system will record the transactions under the selected accounts. 

Example: By default all your income will be grouped under "Sales" in your P&L. 

If you want to separate your income to "Sales" and "Services", you can select "Services" as your associated account. 

Note: System defaults are "Sales" for selling and "Purchases" for buying.

1. Click on Products/Services and select 'Products/Services'

2. Click on Add New or Edit

3. Choose the associated account for selling

4. Choose the associated account for purchasing

5. Choose the associated account for tracking

6. After filling in the information, Click on Save