Adding Accounting Firm Products to Accounting Time and Billing Software
Preparation for product creation.
First of all, it is worth specifying in Settings under the billing app:
Product code - the code you have entered in the accounting software.
Tax rates - tax rates that apply to your service/product. If there is an integration with an accounting program, they can be imported from there, thus ensuring the correct correspondence of the codes.
Resource Code - The code to use with the API key. Ask for more at uku@getuku.com.
Unit - piece, hour, fixed price.
Bank account - details of your company's bank, which will be displayed on the invoice. If desired, you can also enter several different accounts.
The name of the product/service should be informative, and it can always be changed when added to the client contract.
Fill in the fields needed to set up your system. For example, 'Product code' and 'Resource code' are useful only if you integrate them with accounting software. Read more about Xero and Quickbooks integration.
Invoice lines are compiled from products, entering tax rates allows you to select them faster, and bank accounts are displayed as invoice details.
Creating products in Uku
When adding a product or service, it is important to know that not so much information goes on the invoice and to the customer.
Give the product an informative description that allows you to quickly find the right product. In addition, you can add variables and create translations in other languages.
Fill in only the fields that are required to export invoices to your accounting program or to the downloaded Excel.
Pricing
There are different ways to price a product. Prices of all products can be changed later according to the customer agreement.
Below you will find links to different articles that explain how to create different type of products and what to keep in mind:
Sum all matching rows - if this setting is on, the prices of all applicable ranges will be summed. If it is not turned on, the range in which the value falls is applied when pricing.
It is also possible to create more pricing periods, then when the date arrives, the new prices are automatically used in the calculation.
PS! If you receive an error message while composing a product that lacks the necessary permissions for the transaction, please check the Billing Settings, as some actions are only permitted for the account owner.