Maintain Inventory Items

First we will go in the maintain option and there will be the option named as “INVENTORY ITEMS”. Following is the window of the above mentioned procedure.

When we will click on this option the following window will appear.

In this we have to fill all the necessary information that is required in this window. First we will fill the option Item id and then description. Following window is the window, where we have fill our info of item id and description.

After filling the item id and description following tab will appear that is required to be filled.

In this first here is the General option.

·         First the description is available that either the items are for sale or for being purchased.

·         Different pricing levels are also here.

·         When we will further click on the pricing level the following window will appear. By doing this we can set our own pricing levels that are suitable for us.

·         Then the item tax type is also present. Whether the item is sold or being purchased the tax will be applied on both.

·         Then below is the option of Last unit cost which show that the last unit cost at which the item is sold or purchased.

·         Then the cost method option, it will be according to the company that which is suitable for them.

·         Then here is the option of item type as if there are the any precautions that we have to mention like if the items are shipped so there will be no damage here.

·         Then the location of that item. Or you can say that the location of the store where the items are.

·         Then the weight of the items.

·         Then here are the GL sales acct., GL inventory Acct., GL cost of Sales acct, options. As these accounts are already made in charts of accounts so we will not make them again.

·         Then the next option is Qty on hand and Qty available. Here we have to mention the minimum stock that is required that at what level we have to maintain reorder the items.

·         Then the option of reorder quantity. In this we will mention the quantity of reorder.

·         Then the option of preferred vendor id that from where we have purchased our items or inventory.

·         Then the next option is buyer id and we will mention the id of the buyer here.

·         Then beginning balance like we have entered in the in the charts of accounts.