Items are values you provide to meet customers' needs. They are of two types: products and services. Products are tangible items like bags, foodstuffs, jewelry, etc. while services are values provided by intangible skills like consulting, web design, barbing, dry cleaning, etc. You can add a new item or update the quantity in stock of a particular product.
Here is a brief guide on how to manually add an item to your inventory.
Steps in adding an item manually to your inventory:
- Navigate to the "Inventory Module".
- Click on the "New" button and select "Item" to open the "Create Item" form.
- Upload an image for the item
- Fill in the required item details:
- SKU, Item Name, Description
- Item Type (choose Product or Service from the dropdown)
- Unit (input or select from available options)
- Cost Price, Selling Price, Shelf Life
- Item category (select from the list of categories you created)
- Optionally set Opening Stock Balances and choose accounts for inventory.
- Enter Opening Stock Price, Quantity
- Choose Inventory Account and Payment Account from the dropdown
- Optionally, select Vendor and Branch.
- Click "Save" when you’re done. The item will be added to your record and appear in your inventory table.
- (Note: If no opening balance is set, the stock quantity will default to 0, and you will need to restock the item to have a stock balance).
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