Account Mapping Per Product/Service

Account Mapping Per Product/Service in PrismERP allows users to assign income and expense accounts to a product or service while creating it. The income account is used when the product or service is sold, and the expense account is used when it is purchased. Once these accounts are selected during product creation, PrismERP automatically posts amounts to the assigned accounts during purchase and sales transactions.

When creating a product or service in PrismERP, users can select the ledger accounts that should be associated with it:

• Income Account: The account where revenue from selling the product or service will be posted.

• Expense Account: The account where costs related to purchasing or using the product/service will be posted.

After the accounts are assigned and the product/service is saved, PrismERP automatically applies these accounts in all future purchase and sales invoices. Users do not need to select accounts manually for every transaction.