This function allows you to maintain your Product Posting to accounts. You can create different posting to your respective sales and purchases and assign them to your product. By default, there is a “Default” Product Posting automatically created for your company.
To access Product Posting, click on the Master Data icon > Product Posting.
To create a new Product Posting, click on the “+New” button.
Default: To set default Product Posting. System will automatically capture this posting setting if your product is not assigned to any Product Posting.
Product Posting: Key in Product Posting code.
Description: Key in Product Posting description.
Sales Account: Select your sales account for this Product Posting.
Sales Return Account: Select your sales return account for this Product Posting.
Purchase Account: Select your purchase account for this Product Posting.
Purchase Return Account: Select your purchase return account for this Product Posting.
Balance Stock Account: Select balance stock account for this Product Posting. Balance Stock Account is only needed if you enable Live-Stock function.
Click “Save” to commit the changes once you had done keying in or editing the required information.
Product Posting is applied when you create your product, selecting from the “Product Posting” field.
If you do not apply any Product Posting at your product, the system will use the Default Product Posting to post into your respective accounts.
Example:
You have different products with different Product Posting which post to separate sales accounts.
Product Posting: Default, FRUIT and VEGE
Product: EGG
Product Posting: Empty
Product: APPLE
Product Posting: FRUIT
Product: CABBAGE
Product Posting: VEGE
Sample Invoice selecting these 3 products.
As can be seen from the screenshot on the “Acc. No.” column, each product will follow its product posting setting as set where:
Product | Product Posting | Invoice Acc. No. | Reason |
EGG | EMPTY | 500-0000 | No Product Posting assigned, will capture the default Product Posting Sales Account. |
APPLE | FRUIT | 500-1000 | Product Posting FRUIT assigned, will capture the Sales Account assigned in this Product Posting. |
CABBAGE | VEGE | 500-2000 | Product Posting VEGE assigned, will capture the Sales Account assigned in this Product Posting. |