Creating General Ledger Entries for a Plan

If you use Business Manager for accounting of your business, configure your plans to write information on performed business operations to the general ledger.

For example, if you want to track the price of domain registration that you pay to the registrar, define the ledger entries for this plan as described below.

To create ledger entries:

1. Go to Business Setup > Plans, and select a plan.
2. Click Ledger Entries.
3. Click the button Add Ledger Entry Group.
4. Set the following:
   • Ledger Group Name. Enter the name of the ledger group you are creating for this plan. For example, if this group covers the cost of this plan, you may want to name it Domain Registration Cost.
   • Filter Currencies. The ledger entries are created when the plan is ordered through your online store. If you have multiple currencies set up, such as USD and GBP, move the currencies from the Selectable list to the Selected list by double-clicking on each one or using the arrow buttons.
   • Filter Cycles. Similarly to Filter Currencies, you can select cycles for which you will create ledger entries. Move the cycles from the Selectable list to the Selected list by double-clicking on each one or using the arrow buttons.
   • Currency of Ledger Entries. The currency you select will most likely be your native currency or the currency you use to set up your plans. You can still create ledger entries for any currency, but you will see the entries such as Domain Registration Cost in the currency you select from the menu.
   • Ledger Entries:
   1. Create two ledger entries for the GL Account (General Ledger) account by clicking the + Add Ledger Entry button.
   2. Select a ledger account to use such as 10000 - Cash 1 from the GL Account menu.
   3. Enter a description.
   4. Enter the cost of the plan in the Credits text box.
   5. Click the + Add Ledger Entry button again.
   6. Select a ledger account to use such as 50000 - Cost of Goods from the GL Account menu.
   7. Enter a description.
   8. Enter the cost of the plan in the Debits text box.

Click Save.