Product Setup
The workflow to follow to define products

Product Setup

Product setup involves several steps:
  1. 1.
    Defining the Warehouses and Locators that will be used to store products;
  2. 2.
    Defining the Units of Measure that the products will use;
  3. 3.
    Create Asset Groups to define the accounting for the asset products
  4. 4.
    Creating Product Categories which will define the accounts to use to record the costs and revenue from the product. You can also create Product Classifications, Classes and Groups to assist in summarizing reports;
  5. 6.
    Follow the Tax Setup process to define the Tax Categories that will be applied when the product is purchase or sold;
  6. 7.
    Setting the Revenue Recognition rules for the product; and finally
  7. 8.
    Defining the product itself.
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