This amount will be what your company will pay for the item from the manufacturer. If you enter in a purchase description, it will appear on the purchase order.ġ7. If you enter in a sales description, it will appear on the invoice. You can enter in a sales and/or purchase description if you choose. Place a check in the box labeled Subitem Of then select the parent item from the drop down list that will appear as a result of checking the box.ġ6. You can also enter in an item number, size or any other name that fits your company’s inventory naming requirements.ġ5. In this example, since the parent item was roses, I will now enter color for the roses. Select Inventory part from the drop-down list.ġ4. Click Item at the bottom left, then click New.ġ3. Do not enter an amount for quantity on hand, reorder point or preferred vendor.ġ2. You must also enter an account for Asset account.ġ0. You must enter in an account for Cost of Goods Sold and the Income Account.ĩ.
I do recommend that you enter in a cost and sales price in their respective fields because if you need to sell an item that is not in your subitem list, then the parent item will be the default item to include on the invoice.Ĩ. You can enter in a description for purchases and sales, but it is also optional.ħ. You can enter a manufacturer’s part number, but it is optional because the detailed information will be in the subitems.Ħ. For example, Joe’s Landscaping sells red, pink and white roses. In the name field, enter in a generic name. Select Inventory Part from the Type drop-down menu.Ĥ. Click Item at the bottom left of the window, then click New.ģ.
Click the lists menu, then click Item List.Ģ. Here is a summary of the steps that were performed in the video below:ġ. To create a subitem, perform the steps in the video below: A parent item is created just like we did in lesson 8-3, but we will create on here also. After the parent item is created, then you can create the subitem. Before you create a subitem, you must first create a parent item. This will allow you to track sales and inventory accurately. Lesson 8-4: Create A Subitem Inventory Part – You may want to create sub items for your inventory parts when there is more than one choice for an item.
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