Accounting Seed uses the Salesforce Product object as the Product Master. All fields and objects needed to manage products are either on the Product object itself or can be seen as a related list on a Product.
Products in Accounting Seed can be used to sell productized services or intellectual property products. The use of products in basic Accounting Seed will allow you to recognize revenue in an expedited and convenient way and account for sales of your products in the General Ledger.
The GL Account used for Revenue, as well as the General Ledger Account Variables, can be set on the Salesforce Product when creating a Billing from the Salesforce Opportunity and Opportunity Products.
Access path: Navigate to Accounting Home and click the Setup tab. Then, under the Master menu, click Products. Click New to add a new product.
- Products to be used with Sales Orders
- Products to be used with Purchase Orders
- Products that you would like to recognize a Cost of Goods sold transaction with Revenue