Item type is used on the order and invoice to indicate the kind of processing and the default account code used on the generated invoice for posting.
The default list:
| itemTypeId | default account Code | direction(in/out/either) | |
|---|---|---|---|
| ItemExpense | operating expense | either | |
| ItemProduct | unreceived inventory | in | |
| ItemProduct | product sales | out | |
| ItemRental | asset rental sales | out | |
| ItemSales | sales revenue | out | |
| ItemSales | cost of sales | in | |
| ItemSalesTax | sales tax collected | out | |
| ItemSalesTax | sales and use taxes | in | |
| ItemServiceProduct | service sales | out | |
| ItemShipping | cost of sales freight | in | |
| ItemShipping | shipping fees received | out | |
| ItemVatTax | VAT collected | in | |
| ItemVatTax | VAT used | out |