Lightspeed Accounting supports the following posting methods for posting your Lightspeed Retail data to Sage One:
Creates a single journal entry with the sales grouped item category, along with discounts, payments, tax, and cash drawer.
Creates a single Sales Invoice that summarizes the entire day of activity.
The following setting options will vary depending on the method selected.
|Customer||Only applies to Sales Invoices. Optionally allows you to associate the Lightspeed Accounting posting with a Sage One Customer.
NOTE: Lightspeed Accounting integration is not based on each point of sale transaction, so this contact should be something like Walk-In or Point of Sale not an individual customer who purchased a product/service.
|Track Sales Tax in Sage||
If this is enabled, Lightspeed Accounting uses the sales tax rates as defined in Sage One, allowing you to match the Lightspeed Retail tax rates with Sage One. If applicable, you can also specify a non-taxable rate.
|Book Inventory/COGS||Creates a journal entry representing Inventory and Cost of Goods Sold offset value amounts based on products sold net of returns. Inventory and COGS accounts are specified at the category level. Please note that this option is a value based integration, not a quantity based (e.g. Lightspeed Accounting will post the cost of how much was sold and not how many).
If you are applying your vendor invoices directly to a COGS account in Sage One as you are paying your bills, you do not want to enable this option as it will result in duplicate COGS amounts as well as reduce an Inventory Asset account balance that does not exist.
|Sync Purchase Orders||When a PO is marked as Completed in Lightspeed Retail, this option will create a Purchase Entry in Sage One. The PO Vendor is auto-created if it doesn’t already exist in Sage One. The PO is itemized, using inventory accounts specified in the Inventory/COGS settings.|
Once you have set all of your accounting options, press the Apply button to save your settings.
Continue with the configuration by mapping your accounting.