Sales invoices can contain several line items in addition to products, such as discounts, taxes, promotions, charges etc. In the normal course, all of these would get added up and get posted to the Sales Account. It becomes very tedious to separate revenues by these sub-types or invoice line items. Using the Sales Invoice transaction type defaults, you can break down your sales granularly.
These settings override the Invoice Item Type Global GL Settings.
At one level, this gives you the freedom to separately track the sales of Physical and Digital goods, as well as Services. You can segment the books partially, without having to set up detailed segment books.
To set up, choose the Invoice Item Type and the corresponding GL Revenue Account to post to.
You cannot modify a Sales Invoice Item type default afterwards. Remove it and recreate the default, if any changes are required.
*Only those GL Accounts with GL Account Class ID = ‘Revenue’ in the Chart of Accounts, as shown below, will be available for mapping
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