Maintaining Inventory Defaults

Go to Maintain Menu and click the Default Information and select Inventory Items option.

 When we select this option we have a window which have six tabs.

1.            General

2.            GL Acct/Costing

3.            Taxes/Shipping

4.            Custom Fields

5.            Price Levels

 1.            General Tab:

In general tab we will select different options to perform different options. Whether to include purchase order when calculation quantity on hand or it means that when the purchase order will be issued it will automatically be included in the quantity of inventory items on hand. Stock Warning Messages and Sales Order Warning Messages can also be activated and deactivated under this tab.

  2.          GL Acct/Costing Tab:

GL acct / costing tabs we will give the GL sales, GL Inventory/Wage, GL Cost of Sales account to the different Item classes available when creating new inventory items and select the methods like FIFO or LIFO and we will also select GL Freight Account

 3.            Custom Fields Tab:

Custom Fields are used to enter the extra information of inventory items we want to provide in this software.

 4.            Price Levels Tab:

This tab is used to set up different price levels for inventory items which we can create ten different price level and these levels will be selected when creating new inventory items. like price level 1 , price level 2