Sales

In this section of the Easy Setup Assistant, you can set up default preferences about your customers and other sales-related information.

Layout  

AccountEdge offers multiple layouts to choose from for entering a new sales transaction. Choose a layout that best fits your needs.

The layout selected will be set as the default for when you create a new sale for a customer. You can always change the layout selection when creating a new sale.

Selling Details

The details you enter here will be applied to all new contact cards for your customers and leads. Set a default price level for items, income account, and customer credit limit. You can modify these options later for specific contacts after your customer list is set up.

Sales Tax

Enter the sales tax codes that you typically use for sales transactions.

When you create a tax code, you need to select its type. There are two tax types you can choose from. Below, we describe what each tax type is for.

Sales Tax: This tax type relates to the tax recorded on sales and purchases of goods and services.

Consolidated: This tax type is used for taxes that are made up of two or more tax codes or sub-taxes. For example, if the 8% tax rate you record on sales is the combined total of a 5% state sales tax rate and a 3% city sales tax rate, you would set up a consolidated tax.

You can only consolidate tax codes that are in your tax code list. Make sure you first create the individual tax codes.

Payment Information

The details you enter here will be applied to all new contact cards for your customers. You can change these options for specific contacts after your customer list is set up.

Linked Accounts

In this window, select the account where your customer payments will be deposited. You also need to choose an account into which all undeposited funds will be recorded until you record a bank deposit.

When you receive a payment from a customer, you can choose to deposit it into the account for customer receipts or the account for undeposited funds.

Customer Cards

In this step, you can add contact cards for your customers. You can add your customer information one at a time or via import.

Historical Sales

Enter information about any sales that your customers haven’t paid in full as of your conversion month and fiscal year selection.

If the total of all historical sales does not equal the opening balance of your receivables account, an out-of-balance amount will be displayed. Ensure that you have entered all historical sales correctly and that the opening balance of your receivables account is correct.