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| 13.2.3. Sales Categories | ||
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 | 13.2. Accounting Mappings |  |
Sales categories are used to identify the general ledger (G/L) accounts to be used when processing the following:
Non-inventory invoices
Receivables credit memos (optional)
Receivables debit memos (optional)
Cash receipts (optional)
For example, when creating an invoice for miscellaneous goods or services unrelated to inventory, you must select a sales category—thereby identifying the G/L accounts the sales transaction will be distributed to. To access the Sales Categories master list, go to . The following screen will appear:
The Sales Categories screen displays information on existing sales categories.
To create a new sales category, select the button. The following screen will appear:
When creating a new sales category, you are presented with the following options:
Enter an identifying code for the sales category.
Select if the sales category is currently active. Not selecting means the sales category is inactive.
Enter a description to identify the sales category.
Identify a general ledger (G/L) account to distribute sales revenue to for non-inventory items. This is a revenue account. It will be credited when invoices for non-inventory goods are posted.
Specify a G/L account to use for handling prepaid receivables. This is a revenue contra account. If a sales category is used when entering a miscellaneous receivables credit memo, this account will be debited when the credit memo is posted. If used when entering a miscellaneous receivables debit memo, the account will be credited when the debit memos are posted.
Specify a G/L account to use for handling customer deposits. This is an asset account. If a sales category is used when applying a cash receipt to a customer invoice, this account will be credited when the cash receipt is posted.
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| 13.2.2. Sales Assignments |  | 13.3. Master Information |