The ledger accounts affected during sales in Fincon Accounting can either be per stock code or rep code, depending on how you have set the global parameter. Read this article to see how to do this.
This guide will show you how to change the ledger accounts per stock code and per rep code.
Changing the ledger accounts per stock code
Watch this video to see how to change the ledger accounts per stock code or follow the steps below it.
This part of the guide assumes that you have already created the inventory item, if you need to learn how to do this, read this article.
Navigate to the correct window
- Navigate to Inventory / Stock Maintenance.
Call up the appropriate item
- Enter (or select) the appropriate item number in the Item Number text box.
Set up the ledger accounts
- Enter (or select) the appropriate ledger account number for the sales account in the Sales Account text box.
- Enter (or select) the appropriate ledger account number for the cost account in the Cost Account text box.
Save the changes
- Click the Accept button.
Changing the ledger accounts per rep code
Watch this video to see how to change the ledger accounts per rep code or follow the steps below it.
This part of the guide assumes that you have already created the rep code, if you need to learn how to do this, read this article.
Navigate to the correct window
- Navigate to Inventory / Sales Reps / Sales Rep Maintenance.
Call up the appropriate sales rep
- Enter (or select) the appropriate rep code in the Rep Code text box.
Set up the ledger accounts
- Enter (or select) the appropriate ledger account number for the sales account in the Sales Account text box.
- Enter (or select) the appropriate ledger account number for the cost account in the Cost Account text box.
Save the changes
- Click the Accept button.
It is not recommended to switch between using the accounts per rep code or stock code during the month as this will affect your income statement negatively. Preferably do it at month-end.