Accounting Product Rules
| Product Rules |
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| Last Updated on Wednesday, 02 November 2011 12:22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Link products with GL accounts
When Accounting is active this is a required step to activate your organization's products. It will make sure the most common transactions with accounting implications in loan and savings products will be automatically logged therafter. Before you're able to link your products with GL accounts you need to create your Chart of Accounts. Once this is done and after creating the products go to Accounting > click on Product Rules
You'll see a list of action items that correspond to the transactions that will be automatically logged. Click on the product you want to set the rules for > click on the dropdown menus to select the appropriate debit and credit accounts > Save Changes.
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Product rules for loansThe following table shows you all the the product rules for loans with the transactions and amounts they refer to. In brackets you can see some examples of accounts that could be used to link the loan products to accounting.
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Product rules for depositsIn the following table you can see all the the product rules for deposits with the transactions and amounts they refer to. In brackets you can see some examples of accounts that could be used to link the deposit products to accounting.
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