Maintain Inventory items

1.       First of all make a new company and make the charts of accounts. And then record some few customers and vendor. After saving, open the Maintain Inventory items.

                                              

2.       After opening Maintain Inventory Items window, we see different tabs and their headings.

                                                               

Item id.  In this we will write the id of the item .eg..123.,124.

Description : in this we will write the type of the item our customer is purchasing .

 Item Class: we will write the type of item we gonna purchase or sale. So here suppose it is stock item, it means we are dealing with the things which we buy and sell forward as it is.

So in General..

Price level: in this we write the price of the product.

Item tax type:  in this we write the type of tax which is applied on the type of product which we are going  to purchase. Eg…regular tax or exempt tax.

Last Unit Cost: we will write the previous cost of the item that we purchased last time.

Location: we will write the location of the ware house or  the place where we want our product to be stored or is stored.

Unit/Measure : we will write the unit of the item which we purchased ..eg. kg, meters, pounds, liters etc

Weight: we will write the weight of the item which we purchased.

GL Sales Account: we willwrite the GL Sales Account number.

GL Inventory Account: we will write the GL Inventory Account number .

GL Cost of Sales Account: we will write the GL Cost of Sales Account number.

Minimum Stock: in this we will write the minimum Quantity of the Stock Available in our Gowdown.

Reorder Quantity: in this we will write the Quantity ,if we reached the Danger level. We Reorder the Quantity as much we need.

Preferred Vendor ID: in this we write the Vendor Id which we saved before in Maintain Vendor Account.

In Custom fields we can write in the given options or we can edit this from Default inventory..