Create Default Charge Codes in Base
Product Context:
Base is a comprehensive platform designed to assist businesses in managing their entire workflow, from job tracking and cost management to streamlining AR and AP processes.
Setting Up Charge Codes: A Step-by-Step Guide
1. The Challenge:
Charge codes are your individual line items that represent your products and services, allowing you to define default rates for each.
2. Base’s Solution:
Although Base is not an accounting system, it is imperative to set up your charge codes correctly to ensure accurate data mapping to your accounting system.
How to Create Charge Codes in Base:
1. Navigate to Charge Codes:
Select 'Accounting' from the left navigation panel, then click on 'Charge Codes'.
2. Adding a New Charge Code:
Click 'Add New' found at both the top and bottom of the Charge Codes table, which opens a form for you to enter the details:
Code
Name
Description
Sell: To add items to quotes and invoices. Activating this will display additional fields:
Sales Account
Sell Amount
Sales Tax Type
Purchase: To add items to purchase orders. Activating this will display additional fields:
Purchase Account
Purchase Amount
Purchase Tax Type
3. Filling in the Form:
Ensure accurate information is entered for proper financial tracking.
4. Saving Your Charge Code:
Click 'Add Charge Code' to save your new entry.
Next Steps:
Conclusion:
Setting up charge codes in Base is vital for accurate financial tracking and seamless integration with your accounting system. Use Base for accurate and efficient financial management today by creating your default charge codes.