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Revenue codes define the set of GL Account IDs that the system will use for recording sales, sales returns, sales discount and costs of goods sold transactions.  These revenue codes can be simultaneously set up in customer, inventory item or salesperson maintenance records.  To avoid confusion concerning which of these revenue codes the system will use, you must decide to track revenue either by salesperson, customer, or inventory in the Track Revenue By area of the General Information page of the SO Module Setup  or AR Module Setup function.

 

Example: If you choose to track revenue by inventory, the set of GL Account IDs defined in the revenue codes for each inventory item will be used when recording revenue, sales returns, sales discounts, and cost of goods sold transaction for each inventory item.  The system will ignore and disable the set of GL Account IDs defined for the revenue codes set up for the customer or sales person.

 

 

 

See Also

Set Up Revenue Code

Update or Delete Revenue Code

 

 

 

 

 

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