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Product & Service-Level Account Mapping for Precise Financial Tracking

Assign Dedicated Ledger Accounts to Each Product or Service for Clear and Accurate Accounting

PrismERP’s Account Mapping Per Product/Service feature enables businesses to link individual products and services to specific accounting ledger accounts. This ensures that every sale or transaction automatically posts to the correct financial accounts, enhancing accuracy in financial reporting and simplifying audit processes.

What is Account Mapping Per Product/Service?​

This functionality allows you to configure accounting rules that assign distinct income, expense, or cost accounts to each product or service in your catalog. As transactions occur, PrismERP posts entries directly to these accounts, streamlining financial tracking and reconciliation.

Example:​

Sales revenue from Product A posts to the “Electronics Sales” account, while services like installation post to a “Service Income” ledger.

Key Features​

✅ Granular Account Assignments Map income, cost, and expense accounts at the product or service level.

✅ Automated Journal Entry Posting Ensure all transactions flow automatically into correct ledger accounts.

✅ Support for Multiple Account Types Configure mappings for revenue, COGS, tax, discounts, and more.

✅ Integration with Cost Centers & Projects Link account mappings to specific departments or projects for detailed analysis.

✅ Flexible Configuration Easily update mappings as your chart of accounts or product lines evolve.

✅ Audit Trail & Compliance Maintain clear logs for all account assignments and financial postings.

Integrated With​

  • Sales & Invoicing Modules
  • General Ledger & Financial Accounting
  • Cost Center & Project Accounting
  • Tax & Compliance Systems
  • Reporting & Analytics

🚀 Streamline Financial Tracking with Product-Level Account Mapping​

Let PrismERP automate your accounting flows by linking every product and service to the right ledger accounts—making your finance operations more precise, efficient, and insightful.