Financial Products map directly to Nominal Codes but allow you to distinguish the particular product that is being posted to each Nominal. So for example you may have accommodation, extras and commission all being posted to your Revenue nominal but you would still want to understand and see what products made up that posted revenue. Products allow you to do that.
ReRum comes pre-loaded with a number of products:
A number of these products are required by the system and can be mapped to different Nominal Codes and have the description changed but they cannot be deleted or have their product code changed.
The following are required for the system to operate:
- Product Code: ACCOMMOD (this is for accommodation)
- Product Code: ACCOMCOM (this is for commission)
All product codes have to be unique.