The workflow to follow to define products
Product setup involves several steps:
Defining the Warehouses and Locators that will be used to store products;
Defining the Units of Measure that the products will use;
Create Asset Groups to define the accounting for the asset products
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;
Create Product Attributes, Sets and Instances
Follow the Tax Setup process to define the Tax Categories that will be applied when the product is purchase or sold;
Setting the Revenue Recognition rules for the product; and finally
Defining the product itself.
Last updated 6 years ago
