Setting up Accounts Receivable Information
Before you can post your first sales invoice, you must carry out the following tasks:
- Ensure that when you built your chart of accounts
, that you designated at least one general ledger account
as the accounts receivable control.
- Set up your saleable items and services (Products).
- Set up your customers as Accounts.
You may also want to carry out the following optional tasks:
- Set up a text definition
for each item of reusable text that you want to print on your sales documents.
- Set up an income schedule
definition for each method of revenue recognition that you use.