Ledger account allocation

You can create rules for allocating the revenue ledger accounts. You can define a revenue account per location, product, category, or VAT rate.

To do this, you need:

1. Open accounting settings.

2. Go to Ledger account allocation.

3. Click Add rule

3.1. Specify the rule parameters.

3.1.1. Select the products to which this rule applies.

Activate the option if you want to apply the rule to a specific product category or product type.

Once you've activated the option above, you can choose the specific category or product type.

3.1.2. Select the location.

The country specified in the billing address in the invoice determines the location for applying the rule.

3.1.3. Select the VAT rate.

The rule will be applied depending on the VAT rate specified in the position.

Activate the VAT free option to set the rule for invoices that are created without VAT.

3.1.4. Choose the ledger account.

When all parameters set above match, the rule will be activated, and the specified ledger account will be automatically selected.

4. Click Create rule

After you've created a rule, the revenue ledger account will be defined according to this rule in outgoing invoices.