When creating an invoice with Zervant, you may have noticed the "Type of Product" mention and might be wondering what it means. This mention holds particular significance as it is connected to our upcoming accounting adjustments.
Goods and Services: A Significant Distinction
Goods, also referred to as products or merchandise, denote tangible objects that can be exchanged, sold, or stored. They fulfill a concrete and tangible need. A classic example is a pen, a good used for writing. On the other hand, services are intangible and rely on the provision of technical or intellectual expertise. They are closely tied to the person providing them and those benefiting from them. Unlike goods, services cannot be stored and only exist at the time of their provision.
Practically, what does it mean ?
"Type of product" is only visible in the invoice editor and not on the final PDF template. As this feature evolves, it will seamlessly integrate with our upcoming accounting solution, fostering efficiency and accuracy in financial management and reporting.