Some flexibility is provided in how sales transactions are posted to the general ledger. Different sales accounts can be used depending on any combination of the sales area of the customer, the sales type and the stock category of the item sold.
Before entering any sales it is important to defined the posting schema under setup -
Sales GL Interface Postings. The same flexibility is also afforded to the posting of cost of goods sold (COGS)- of course these journals are only created if the stock GL interface is activated. If it is then again it is critical to ensure the proper set up of the posting schema for COGS under the setup tab -COGS GL Interface posting.
TaxTaxes must be setup. In Setup there are Tax Group Maintenance, Dispatch Tax Province Maintenance, Tax Categories Maintenance and Tax Authorities and Rates Maintenance.
Before you set up customer branches the tax group that relates the branch must be defined - the tax group specifies the tax authorities to which taxes must be charged on sales to the branch. The system allows any number of tax authorities to be included in a tax group.
The tax category must be specified on the setup of items - some items attract tax at higher rates and these must be flagged as such. As many tax categories as necessary can be defined. There is a more detailed section in the manual for further details on tax.
Setting Up Customers As many branches as required can be set up, it is recommended that branches be used liberally for all customer contacts even though the branch may not be invoiced. Thus all contacts can be kept against the customer they belong with. Each branch requires a sales area and a salesperson. Sales Areas are the areas defined for analysis purposes. Both Sales Areas and Salespeople are set up from the System Setup tab of the main menu
