Maintain Inventory Item

Maintain Inventory Item

Step 1:

First open the existing company then on maintain on tab

After that you have on your screen

Now enter item ID and description in

Enter the Item ID in number and Description is name of product and now in items class

You can enter the items class like stock items, services, labor, assembly etc.

Step 2:

In “General” tabs

You can enter the price level which is entering in the price which you charge from customer. And then next u has the option of last unit cost in which fill the price of unit last sold by you. Next u has “cost method” FIFO, LIFO and Average you will select one. Then in “GL Sales Acct” you will enter the sales account number and in “GL Inventory Acct” you will enter the inventory account and in “GL Cost of Sales Acct” you will enter the sales.

In “Customer Fields”

You will enter the more detail of customer if needed.

In “History”

You can enter the purchasing period and enter the unit sold, sales, unit period and selling items then save the all records. By pressing save button

Step 3

This is the last step you have to save the amount and unit costs then you have total balances. For this you have to click on the “Beginning Balance” here you enter all these amounts. Then click ok for saving.