Accounting Tab
The Accounting tab determines where the funds go for Expenses and Income.
Parts of the Accounting Tab
| Deferred Accotning | For each resource, you can indicate if expenses and income should be deferred.
Even if you select deferred revenue accounting for the resource, it only comes into effect if the resources is attached to a project that is marked to defer revenue on the project's accounting tab. |
Expense Accounts |
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| Expense Tax Code | The tax rate that applies to the purchase of the resource. |
| Deferred Liability | A liability account as set up in the Chart of Accounts to be used with this resource when it it purchased for later sale. |
| Earned Expense Account | An expense (or cost of goods) account as set up in the Chart of Accounts to be used with this resource when it it purchased for later sale. |
Income Accounts |
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| Sales Tax Code | The sales tax rate used when selling/renting the resource. |
| Deferred Asset | The deferred income account - usually an asset to track future work (from the Chart of Accounts) to be used when this resource is sold or rented. |
| Income Account | The income account (from the Chart of Accounts) to be used when this resource is sold or rented. |