If you have multiple General Ledger companies, enter the appropriate one here.
The GL Accounts Receivable account.
The GL income account
The GL sales tax account.
The GL base directory - typically just for SBT accounting interface.
Enter the beginning inventory amount for this particular product. At the end of the year, you can run the end of year roll-out for orders. At that time, SAMS will automatically enter the "new" beginning of year inventory.
In addition to the above steps, SAMS will automatically enter the date in which the end of year roll-out was conducted.
SAMS will also enter the cost of this particular item at the beginning of year.
Enter the percentage of royalty that is to be paid for each product.