Add Sales Product Class

When new sales products are being added, sometimes a new Group and/or Class are also required if the Sales Product # Mask defined in the Company Inventory Parameters, requires the Group or Class to be part of the product #.

From the Assign Product Number in the Product Class Search window, click on the ADD button to add a sales class on-the-fly.
The ability to add new classes can be controlled at the operator level according to whether the Security Role that is assigned to the Operator allows access to Sales Product Classes.

The prompts are:

PRODUCT CLASS

The next available Product Class # displays. This number can be over-typed.
To avoid URL errors the 5 special characters "/&?%+"are not allowed in the numbering sequence when creating new Product Classes.

DESCRIPTION

Enter the description for this Product Class.

ALT. LANGUAGE DESCRIPTION

Enter the Alternate Language Description.

ADDITIONAL INFORMATION

Window to access the additional information fields, or click the ACCEPT button to accept the defaults as setup in Product Class Defaults and close the Add Product Class window.
These additional fields are:

TAX CODE 1

Enter the first Tax code, as setup in Tax Codes, or accept the default Tax Code, or select a Tax Code from the window.

TAX CODE 2

Enter the second Tax code, as setup in Tax Codes, or accept the default Tax Code, or select a Tax Code from the window.

COST OF GOODS SOLD ACCOUNT

Enter the G/L account for Cost Of Goods Sold, or accept the default G/L account, or select it from the G/L Account Search window.

REVENUE ACCOUNT

Enter the G/L account for the Revenue postings, or accept the default G/L account, or select it from the G/L Account Search window.

INVENTORY ACCOUNT

Enter the GL account for the Inventory postings, or accept the default G/L account, or select it from the G/L Account Search window.

DEFAULT MARKUP %

Enter the desired percent for the markup of cost to list price, or window to use the Margin Calculator .

REVENUE POSTING BY TAX CODE

Skip this field if the revenue should be posted according to the Revenue Account selected above. This is the standard method.

In special situations, setup the Revenue Posting By Tax Code in the window.
If an invoice is posted using a Tax Code listed here, it will post both the Rental Revenue and the Sale Of Rental Equipment Revenue to the corresponding Revenue account in this window. If the tax code is not listed here, the Revenue will be posted to the standard Revenue Accounts selected for the Product Class.

The prompts in the window include

TAX CODE

Enter a Tax Code, or select one from the drop-down list.
The description displays as setup in Tax Codes.

REV ACCT

Enter a G/L Revenue Account, or select it from the window.
All invoices with this tax code will post the Revenue to this G/L Account.

Finished?

Click ACCEPT to accept or CANCEL to abort.
Multiple tax codes can be entered to use Revenue Posting by Tax, for this class.

Finished?

Click OK to accept the Additional Class Information.

Finished?

Click ACCEPT to accept the new Product Class or CANCEL to abort.