Maintaining inventory

Peachtree Accounting

ü Maintaining inventory

To start the process of maintaining inventory 1^st  of all click on ‘Maintain’ option and then click on  ‘ Inventory items’  and start the procedure.

After click on this option a new window will appear and this is the window on which you maintain inventory,

Here are few steps are following:

1)     Enter anid # in item id option

2)     Enter name of that item in description

3)     Select a price level for that item from a given list of prices from price level list

4)   Select tax type

5)   Mention the cost of last purchased item that you paid

6)   Select a cost method from given list

7)  it may be LIFO, FIFO but by default it will be FIFO

8)  mention those accounts which  effected items when you made transactions

9) That accounts are

a) General sales account

b) General inventory account

c) General cost of sales account

9)   UPC&SKU are American goods delivery companies you can let this space blan.

10)  Is this item is perishable, fire hazard or danger item

11)  In which unit you measure this product should be mentioned

12)  Per -unit weight of your item should be mentioned

13) Mention the minimum stock and reorder level for that product should be mentioned here

14) In preferred vendor ID write the ID of your vendor

15) In buyer ID write that ID that your vendor gives to you in his books of accounts