When i creating items or products, system require to select sales account and purchase account linked with this product. But i have more than one sales account. Manager haven’t option to select sales account or change between sales accounts?
Please give an example of more than one sales and purchase account for an item, thanks!
@user3, you are misunderstanding the accounting principles involved.
When you create an inventory item, the Control account field is for the asset account you want the item to included in when it is in inventory. The default is Inventory on hand, but you might, for example, want it to be in an asset control account you create named Imported inventory on hand.
The Custom income account field is where you tell the program to post sales of that inventory item to some revenue account besides the default Inventory - sales account. For example, you might want to post sales of that same inventory item to Sales of imported items. Whether the item is assigned to the default Inventory - sales account or some other income account you create, you cannot change it for any given sales invoice or receipt. All sales of that item will be credited to the designated income account.
The Custom expense account field is where you designate some expense account besides the default Inventory - cost account to post the cost of goods sold for that inventory item. Again, you might decide to post the costs of the imported item to an account you create named Cost of imported goods sold. Like the designated income account, you cannot change the expense account for a specific sale.
Both the designated income and expense accounts can be edited later, but that will change all transactions related to that inventory item to the new accounts. This is not a transaction by transaction choice.
The other legs of double entries for all transactions are handled automatically by the program. For example, if the sale of an item is posted to Sales of imported items (a credit), the corresponding debit goes to Accounts receivable and the customer’s subsidiary ledger.
If, for some reason, you have a legitimate need to assign income from the sale of the same inventory item to different sales accounts for different sales invoices, you will need to choose a different accounting program.
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Example
If i sale product c in “North sales” account and “South sales” account
Maybe Divisions would be of use
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As it is only about P&L projects may be considered also. See Create and use projects | Manager
So you are basically looking to track your sales revenue (per Inventory Item) from different regions by creating a CoA for each region? And I assume on the cost side you would also create a cost account per region in order to get your profitability per region, based on the individual inventory item?