Magaya Software Accounting Manual

5. ITEMS AND SERVICES
INTRODUCTION TO ITEMS AND SERVICES
5. Items and Services
Introduction to Items and Services
The “Items and Services” list in Magaya Explorer shows all the items and
services your business buys and sells such as documentation services, freight
services, crating fees, and more. Items and Services are used for sales reports
such as how much ocean freight you sold or purchased, etc.
Magaya software comes with a predefined list of items and services that will
cover the needs of a standard logistics provider. You can modify it or add more
to it based on your specific needs.
Items and services are used in Accounts Payable and Accounts Receivable.
When you use an item or service in an invoice, the line in the invoice will affect
the account that this item applies to by adding or subtracting from it whether it
is an invoice or a credit. The account will show in the Profit and Loss report.
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