Maintain inventory item

Maintain Inventory Item

When we buy and sell any inventory we record it in inventory item so we go to maintain menu and select the inventory tem and after each transaction recorded, software updates the quantities f inventory item. We also tore those items which are not stock but t is necessary t enter the invoice number.

                     

This window opens the important information which must be written are

·        Item Id,

·        Description,

·        Item class

·        GL sales account

·        GL inventory account

·        GL cost of goods account

In this section we also write last unit cost and measure units.

Inventory item header field

The above portion of maintain inventory item is called header field where we see lookup button and we enter the item Id with the help of lookup button and then enter description and on the right side we select the item class e.g. assembling, stock etc In the header field we see also right left button, with the help of these button we look existing item id..

Item Id

We enter the up to 20 alphanumeric characters for the new inventory item .Inventory items are so sensitive e.g. B2 and b2 are two different item ids.

Description

We enter up to 30 alphanumeric characters for the description. That description which appears in the look up button is short description and we also enter long description that we used in sales and purchase transaction.

Item class

Item class shows the various types of inventory item.

Inactive

If we don’t use inventory item, we mark on the inactive. Once we record inventory item inactive and we sell inventory item the Peachtree software display the waning.

Item Class

 We select the Item class according to what type of inventory item we set up. Item class identifies how we record item information .Once we select the item class it can’t change and we select the item inventory according to nature of inventory item.

Stock item

This item class is used for the inventory items which are associated for quantities, vendors, cost, and low stock points. If we select the item class it can’t change.

Master stock item

It is a special type of item class which is not as an inventory butt contains information which is shared with sub stock items.

Non-stock item

This type of item class is used for services contracts which are associated for quantities, unit price, and description but quantities on hand are not tracked.

Description only 

This type of item class is used when nothing is tracked except the description. 

Assembly

This type of item class is used for finished items .Once a transaction uses an assembly, it cannot be changed.

Service

This type of item class is used for services that can apply GL salary and wages account and we enter cost for services.

Labor

This type of item class is used for labor that can apply GL salary and wages account and we enter cost for services.