How we maintain the inventory items?

How we maintain the inventory items?

First we open our existing company in Peachtree software and click on maintain menu and then show this window

In this window select the inventory items and then show this window .we do this for the sale and purchase of inventory without doing any changing

After selecting the inventory items then show this window

In this window we give the item id, description and in item class select the stock item .we select the stock item because we purchase or sale the inventory without doing any changes. After doing this, this window will appear

In this window, in general field we do the following things…

In price level we do the price level which will apply.

In last unit cost write the cost of last unit.

In cost method select the method which are we using? e.g FIFO mean first in first out in this method we first sale those units we first purchase. But in LIFO mean last in first out we first sale those units that we last purchase and also we select the weighted average method.

In UPC mean universal price code give

In item type we do the type that the item has which type e.g.; dangerous etc.

In location we enter the location where we keep our goods

In weight we enter the weight of item.

In GL Sale Acct do that account number.

In GL Inventory Acct also do that account number.

In GL Cost of sale Acct also enter that account number.

In minimum stock enter the stock after which level we do the order for new goods.

In reorder quantity we enter the reorder level.

In preferred vender id we do the id of the vendor from which we purchase the items.

In buyer id we enter the id of the buyer which is purchasing the goods from us.

After doing all this we move on the next field that is customer field then show this widow

In this window if we want doing the changes the we do the changes through the default setting.