HOW TO MAINTAIN INVENTORY ITEMS

HOW TO MAINTAIN  INVENTORY  ITEMS

First we open the Peachtree Accounting Software then we open MAINTAIN INVENTORY ITEMS.Click the maintain button then there are many options are appear then we have select the Inventory Items and in this items tracks the buy and sell the quantities automatically.

Window are given below in this window showing the TooL Bar there are 8 options. Clicking the Close to program.Save the program.Delete the items.Change the ID if your requirement.Create New. ETC   

ITEM ID:  In this Item ID  the item in list. Click on this Item ID then showing t he code your most frequently used items so that they will appear first. Find out the item ID. And then write the Description of the items.

ITEM CLASS:This identifies the type of inventory item. Select an item type from the drop-down list. Choose between non-stock, stock, master stock, substock, description only, assembly, service, labor, activity, or charge. Select Help for a description of each item type.

Look Up:In this button which enables user of this software to see Inventory ID that already exist in the software with the help of Left & Right Arrows.

Description:Enter in this description about inventory usually same as G/L account for inventory is written in this section.

Inactive: In this once an inventory item record is inactive, a warning appears when you try to sell the item.When company no longer wants to use specific inventory items.

Genereal Tab:

Price level 1: You can set a sales price level for inventory.

Item Tax Type: In this option is used when company marked inventory with particular  type.

Last Unit Cost:In this option you can enter the cost of last units yousold and purchase.

Cost Method: There are three methods to use inventory FIFO ,LIFO  And Weighted Average Method.

GL. Sales Account: In this option you have to give sale account that you maintain in G/ L accounts(Income).

GL. Inventory Account: In this option  you have to give Inventory account that you maintain in General ledger accounts.

GL. Cost of sale Account: In this option you have to give account for cost of inventory that you maintain in general ledger accounts.

Item Type: In this option write the type  it may be perishable , nonperishable etc..

Location:In this option you can write the location where the inventory exist.

Unit/measures: In this option you can write about units measures tools it may in feet, miters, squares, or only in units etc.

Weight: In this option you can write about the weight of your inventory that you have in saving stock.

Minimum Stock: In this option you can write about Quantity of Minimum Stock, it means when your stock above the limitations when software will warn you.

Reorder Quantity: In this option you can write the limit for reorder purpose.

Custom Fields:In this fields you can filling the options any type of information that you want to show in your software. Fields labels can be changed and enabled on the item default window.

History Tab:In this option you can see period history information about inventory and your dealing with stock in past.There are five options are in this window.