# Products

![](/files/-MTGA68jSbqDAZkr7EbO)

To  create a new product, click the button "new product". A new window will appear in which you can setup the new product. Here we provide an explanation of the settings: 

![](/files/-MTGAWxDHyjL4FSw4rXq)

{% tabs %}
{% tab title="Product number" %}
Here you can provide a product number. This is not given to the program by the default. 
{% endtab %}

{% tab title="Product name" %}
This is the name of the product
{% endtab %}

{% tab title="Applies for period" %}
The period covered by this product
{% endtab %}

{% tab title="Cost price" %}
This is the cost price for the product
{% endtab %}

{% tab title="Selling price" %}
Selling price of the product
{% endtab %}

{% tab title="Discount" %}
Here you can provide a discount for the specific product. This can also be changed on the invoice or the customer
{% endtab %}

{% tab title="Description" %}
Here you can provide a description for the product. This description is internal. 
{% endtab %}

{% tab title="Group " %}
You can define product groups in moment by clicking the button "groups". 

![](/files/-MTGBBFtTLiP8g6KBLiK)

These groups are then available in the product settings and can be assigned to each product. 
{% endtab %}

{% tab title="Accounting department" %}
In here you can define an accounting department for the specific product. Accounting departments can be defined in setup > accounting > accounting departments
{% endtab %}

{% tab title="Accounting project" %}
Here you can add accounting projects. These are defined under setup > accounting
{% endtab %}

{% tab title="Bookkeeping account (domestic)" %}
Here you can define the corresponding bookkeeping domestic accounts for the products. 
{% endtab %}

{% tab title="Bookkeping account (foreign) " %}
Here you can define the corresponding bookkeeping foreign accounts for the products.
{% endtab %}
{% endtabs %}

### Invoicing with products

In the next section we will provide an example showing how you can invoice with products. 

Let's say that as part of a project you need to rent a room for your customers. Lets say a showroom to display how a new apartment complex will look like when finished. 

First you would have to create a product. Then go to a project, go to "product sales", click "new product sales", add the product, and then set it to approved. You can then go to "approval" and send the invoice from there. 

![](/files/-MTKUY4BtgmMpAu2q2N8)

### Updating products with Excel files

Just like you can [update hourly rates](https://docs.moment.team/help/co-workers/hourly-rates) in Moment, you can also update products with Excel. First you need to click the gear icon on the top right corner. Afterwards download an Excel template of your products list. Apply the changes and then reupload the file. See the gif below for an example

![](/files/-MT_pn0bgkRiGU_4xFKS)


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