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What's a sales channel?
A sales channel is a tool that will help you monitor and analyse your income, while at the same time fulfilling the mandatory accounting requirement for the issue of sales invoices.
Here's the tl;dr: When creating a sales invoice in Holded, and for good accounting practice in general, you'll need to assign a sales accounting account (Group 4 of the General Accounting Plan). The general default account that appears is Sales Goods (account 401) but you can differentiate your income based on the types of distribution channels you have. To do this you can create the sales channels you need to differentiate your income based on the type of income or distribution channel.
What's a sales channel used for?
Reporting: Once created, you can assign sales channels to contacts, products or directly to invoices and this will allow you to perform analysis per sales channel.
When issuing a sales invoice, and when creating the corresponding accounting entry, you must add 2 accounting accounts :
- Client accounting account: It is the 112 (Assets) account of the General Accounting Plan, and is automatically assigned to Holded.
- Sales accounting account: This is account group 4 (Sales) of the General Accounting Plan, and must be assigned manually in Holded
The sales accounting account will be registered in the entry and if you do not modify it, it will appear as a general Sales account (account 401).
Now that you know what the sales channels are for, we show you how to create them in the following article.