Maintain Inventory Items

In Peach tree accounting system we post the transaction of sale and purchase in the inventory items

First click the maintain the list is appear

Click the inventory item the following window display

Item ID:

we enter the item Id the item id is different from different items it is the very sensitive case to enter the id of the items for example B1 and b1 are the id of two different inventory items.

Description:

 We enter the description about the item. The description may be longer for the different sale and purchase transaction.

Price level:

The price level of the inventory item is written the price level is different from the different item.

Last unit cost:

In which we enter the cost of the last unit in the inventory items.

Cost method:

In the perpetual system we use the three methods to record the inventory

FIFO: first in first out
LIFO: last in last out
AVERAGE: average of all

We can select the any one method to record the inventory.

Item type:

We enter the type of the inventory item.

Unit/measure:

Enter the unit and measure of the inventory items .units measure in kg, liter.

Weight:

Enter the weight of the inventory item.

G/L Accounts:

Select the general ledger account of sales, cost of goods sold and inventory in the charts of accounts.

Quantity on SO: enter the quantity of the sales order.

Quantity on PO: enter the quantity of purchase order.

Quantity on hand: enter the quantity of the inventory items on hand

Quantity available: enter the quantity of the inventory items are available for sale and purchase.

Vendor ID: enter the vendor id for the purchases inventory.

Buyer ID: enter the buyer id for the sales inventory.