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Selecting the Taxable option instructs the Aptify Order Entry system to add an appropriate tax to the product on the order line when it is purchased. See Managing the Sales Tax chapter in the Aptify 5.5 Accounting and Financial Systems Integration GuideInfrastructure for information.
Deferred Income (required)
The Deferred Income option indicates that the sale of the product is recognized at a future date or dates. Deferred income products must have a deferred income GL account so that scheduled transactions can be generated when the product is ordered. This field is only available when the Subscription Item option is selected on the Subscription tab. See the Creating Creating Subscription Products chapter of the Aptify 5.5 Subscription and Dues Management Guide for for more information.
Cash Basis Acctg (required)
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Discuss this selection with your accounting department before specifying that a product should use Cash Basis accounting. If using Cash Basis accounting, be sure to add an unearned revenue account to the product’s GL Account tab.
See the Aptify 5.5 Managing Accounting and Financial Systems Integration Guide for for more information on Aptify’s accounting functionality.
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