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- Determine the GL Accounts that will be applicable to the Cancellation Fee and create these GL Accounts, if necessary.
- Typically, a cancellation fee will require an Accounts Receivable account and a Sales account, just like other products in Aptify.
- The GL Accounts service is in the Accounting application.
- See the GL Accounts Setup and Use chapter in the Aptify 5.5 Accounting and Financial Systems Integration Guide Managing General Ledger Accounts for information on how to create GL Accounts.
- Open a new record from the Product Categories service.
- The Product Categories service is located in the Product Setup and Maintenance application.
- The Product Categories service is located in the Product Setup and Maintenance application.
- Enter Cancellation Fees in the Name field.
- Enter a Description, if desired.
- Enter General in the Default Product Type field.
- Add the GL accounts applicable to cancellation fees to the GL Accounts tab.
- See Adding GL Accounts to the Product Category for information on how to add GL accounts to a product category.
- See Adding GL Accounts to the Product Category for information on how to add GL accounts to a product category.
- Save and close the record.
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