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There are considerations to
take before working with Inventory Products. These discussions have been presented
and will have an impact on the overall processing of orders in Personify.
Question
Posed: What is the structure of the organization and have proper
rate structures been defined?
From an organizational standpoint
with the eBusiness and Inventory Product modules, Personify is setup to work
with two rate structures.
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Member Rate: The member rate is the benefit added price provided
to existing members of personify.
-
List Rate: The list rate is the standard rate for any
constituent who is not a member of the organization.
Additional rates may need to be
added should business objectives shift.
Question Posed: Have
the needed GL Accounts been defined? Have the revenue and deferred revenue
accounts been paired and are there optional system accounts needed.
The organization has specified
the needed GL Accounts for the inventory products module to work successfully.
The inventory product system has a structured accounts based upon department
and finance. Please refer to the Finance Manager to determine the correct
account associated with products.
All account revenue pairs have
been created in Personify. These pairs work with each product to report on the
revenue for each product sold. Each revenue account has a paired deferred
revenue account. Please refer to the Finance Manager to determine the correct account
associated with products.
A few optional system accounts
were created for the inventory product module including a Cost of Goods
account, Inventory Account, Shipping Revenue and Deferred Shipping Revenue
accounts. Please refer to the Finance Manager to determine the correct account
associated with products.