Managing Merchandise

Creating Merchandise Products

• From the app menu at the top of the screen, click on Orders & Inventory.
• In the left navigation menu, click on Setup.
• In the left navigation, click on Merchandise.
• You will see a list of existing merchandise products. You can hover over a product to edit or delete it.
• Click Create Merchandise to create a new product
• When creating (or editing) a merchandise product, you can enter/enable the following information:
  • Basic Information
  • Product Image - Displayed in the online store
  • Price/Member Price
  • Bulk Pricing Discounts - Set one or more purchase quantity ranges that will apply a fixed amount or percentage discount
  • Inventory Tracking - You can track the reorder point and if the product offers backorders
  • Shipping - Weight of the product
  • Installment Plans - Associate one or more installment plans with the merchandise
  • Cancellation Fees - You will be required to enter in a fee
  • Restocking Fees - You will be required to enter in a fee
  • Bundled Products - Ability to link another product to the merchandise product, which automatically adds the product when purchasing the merchandise product.
• Click Save Changes to create the product.

Merchandise Product Financial Settings

• From the app menu at the top of the screen, click on Orders & Inventory.
• In the left navigation menu, click on Setup.
• In the left navigation, click on Merchandise.
• You will see a list of existing merchandise products. 
• You can hover over the product and click on the ellipsis, then on Financial Setup.
• When managing financial settings for a product, you can enter/enable the following information:
  • GL Accounts
  • Merchant Account Routing - When set, all payments for this product will be routed automatically to the selected merchant account, regardless of the merchant account of the master order. Note that customers may see multiple charges on their credit cards for payments that span multiple bank accounts. They will be notified in the portal when this happens.
  • Taxes - You will be required to select a tax class.
  • Deferred Revenue Recognition - You will be required to select a deferred revenue GL. You can set manually deferral rules or revenue can defer automatically based on the product type.
• Revenue Splits - You can split revenue across two or more GL accounts.
  • Inter Business Unit Settings - When financial transactions contain products that span different business units, we can create intercompany liabilities that allow you to manage amounts owed between business units.
• Click Save Changes to save product settings