Catalog entity under an account that represents a chargeable line item. Products have display name and code values that govern how they are shown on invoices and reports.
One Time Charge Products
One time charge products are products that do not recur even when they are inside of plans. They are usually used to provide one-time administrative setup fees to customers. These types of products can be priced outside of a plan and can be made available for one time purchases. One time charge products can still be given Revenue Recognition Schedules if desired.
Physical Good Products
Physical Goods products are products that do not recur even when they are inside of plans. They can be priced and made available for purchase. Physical good products cannot have a revenue recognition schedule. They are always fully earned at the time that they are charged for.
Recurring products must be inserted into plans in order to be charged. They are used to fill out all of the line items that recur on a subscription. Recurring Products can only be priced within the context of the plan frequency they are added to