Peachtree. Maintain inventory items

MAINTAIN INVENTORY ITEMS

As we started business for making transactions before we make transactions we have to set up our inventory. In order to setting up an inventory we will follow the following procedure

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Step No 1. First we will go to maintain menu and select the ‘Inventory item’ from maintain menu.

Step No 2.  As you click on inventory item the following screen will appear with five different tabs. In this window user can maintain inventory items. The following process will help him out.

Ø  Give Item ID

Ø  Give the Description

Ø  Provide general ledger sales account

Ø   Provide the inventory account

Ø  Provide the cost of sales account

Ø  Click on save button

The field tab will be changed according to the selected item class.

After entering the necessary account the user will click on “Save” button. As you successfully created the inventory items now you click on “Beginning balance” for enter the beginning balances. As you click on it the following screen will appear.

As you enter item id you’ll be able to enter quantity, unit cost and total cost. After entering all the balances for saving them you have to click on “Ok” for save them.

Item Class:

                        On the right side of the window there is item class tab, and in that tab user can select eight different types of items.

Maintaining Assembly Item:

                                              This class is used for items which are consisting on different components that must be built. Such as for assembling a computer we need Ram, Hard disk, Casing, Mother board, Power supply, CD Rom, etc. CPU will be considered as   assembly item and the components of it will be saved as the stock item.

For maintaining the assembly the process is given below.

                                           

In order to maintain assembly item first give item ID and then description after that select the item class as assembly in maintain inventory item than the bill of material tab field will appear you just enter account IDs and after savin it you will be enable to enter the beginning balnces in it.

After entering the item ID and description, enter the GL sales account, GL inventory account and GL cost of sales account and the unit measure in general field tab.  After that you have to enter in bills of material tab that for an assembling an item which components are required in how many quantity and the components are already available in stock item. After all that you just click on save or if you want to enter beginning balance of assembly item click on “Beginning balance” the bill of material tab will appear in which you can enter all the balances.

At the end just click on save button and your data will be saved.