how to maintain inventory items

How to maintain inventory items:

First choose the option of maintain menu,then there option of inventory items select.

Here we first fill particular item ID,that decription

Firstly we choose the general ,then enter all the information about the general  step 1 we choose the option of description ,here two option of description no.1: for sale .No .2: for purches.after select the option .

Step2: Price level

In the price level box we set the particular price and we set the ten price.

Step3: Last unit cost

In last unit cost we choose the cost method.there are three method 1.FIFO,2.LIFO and AVERAGE.

STEP4: UPE

 In Universal price we select a code for any item.

STEP5: ITEM TYPE

In item type we mention the type of item .for example perishable ,on perishable etc.

STEP6: LOCATION

In the location option we set the location for item that in store we divided the part of store in A, B,C D etc.

 STEP7:UNIT/ MEASURE

In unit measure we decide the units and unit are mention in unit /measure box.the are diffrent in the point of view holesaler and retailer.

General inventory account :

In general inventory account we determind for

1.     Raw material

2.     Finished good

Quantity available

In quantity available we inter all tha information about

Sale order

Purchase order

Minimum stock

Record quantity