This article will help you to set up a Custom Field for Products.

Custom Fields for Products are assigned to the products. Usually, this is the list of Charts of Accounts/Cost Centers or other custom fields.

You can use Custom Field for Products to add Chart of Accounts or Cost Centers to Precoro.

A Chart of Accounts/Cost Center, which lists the names of the accounts that a company has identified and made available for recording transactions in its general ledger, establishes the level of detail tracked in a record-keeping system. Typically, the Chart of Accounts/Cost Center contains the accounts’ names and identification codes.

How to create a Chart of Accounts/Cost Centers:

  • Navigate to the left side of the menu and choose Configurations —> Custom field for Products

  • Press the "Add" button to create a new Custom Field for Products. Its type should be 'Select'. Add names for Chart of Accounts/Cost Centers to the name fields based on your needs.

  • You can also add codes to options.

  • Set up configurations for this Custom Field

  • Select in which parts of Precoro the particular Custom Field for Products will be available by putting a tick. 

  • You can make your list of options hierarchical — just add sub-levels to options

How to set up the GL codes or Chart of Accounts for products

General Ledger codes are numerals you use to designate a payable or receivable by type.

In order to track all purchases through all the codes, add an appropriate type of cost tracking in the Custom Field for Products page.

  • Choose the type "Select"

  • Select where to use these codes (Catalog, Purchase Orders, e.g.)

  • Set up the field as required or not

  • Add all values in lines or a hierarchy view

If you have a fixed catalog of goods and services that you use, it would be beneficial to predefine the Chart of Accounts for products in catalog.

Preselected codes will be settled for items in the documents (PO, Invoice e.g...)