How are inventory accounting classes used

Accounting Classes are assigned numbers/names from the ProfitSystem/ProfitSystem Chart of Accounts. Accounting classes are then assigned to inventory items.

When inventory items are sold, the system records revenue & deposit information into the ProfitSystem transaction file by storing the GL Numbers associated to the accounting class of the item sold. The revenue report retrieves the data from the transaction file for printing.

As new Categories are created ProfitSystem will automatically create an Account Class of the the same name using default Chart Account Numbers.

The optional accounting integration module allows users to add/modify GL Numbers and Accounting Classes default information.

This methodology allows for great flexibility, but is not for inexperienced users. Please consult BBL for set-up/modification support.