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The following fields are required: Item Type, GL Account, Sales Revenue, Cost of Goods Sold, Output VAT, and Input VAT.
The "GL Accounts for Items (create)" form
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The Entity field is an optional field. If you need to use separate accounts for items in each entity, then select the particular entity in this field.
The GL Accounts section
In the GL Account field, you can select the default account to be used for transactions with the item or items of the selected type. If Inventory is selected as the item type, the GL Account field should hold the account intended for recording the inventory costs in document registering item purchases and transfers. If Service or Operation is selected as the item type, the account is intended for expenses and unfinished production costs related to the item.
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The Input VAT field is used for specifying the account to which the value-added tax payable to suppliers on purchases of the item or items will be recorded.
The toolbar buttons
Click Save and Close to save the item default accounts or changes to such accounts. Click Close to close the form without saving.
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