How to maintain Inventory Items

How to maintain Inventory Items

In order to maintain inventory item while using peachtree software we need to follow the following steps:

First of all we  need to open the peachtree software installed in our computer, after that we click on the maintain option at the top of  the screen  and select the “inventory item” as shown below:

We select this option the following window will appear on our window:

On this window we will enter the item id of the inventory , after  item id we will enter the description of that inventory item.  Item class of the inventory is also necessary.

After that we will move to general tab of that window. In general tab we will enter all the required information about the inventory item that we want to record. The most important information that we need to provide is following :

Unit measure:  in this head we will enter the measuring unit of the inventory item

GL sales account: in this head we will enter the sales account of the inventory item.

GL inventory account: in this head we will enter the inventory account where we want to record the inventory item.

GL cost of sales account: in this head we will enter the cost of sales of sales account of the inventory item.

After that we will click on the beginning balances as shown on the above picture to enter the beginning balances of the inventory items. When we click on the beginning balances , the following window will appear:

In this window we select the item id and then enter the quantity and unit cost of the inventory item. After entering all the beginning balances of the inventory items we can check on history by going back to the previous window and clicking on the history tab as shown below:

On this window be selecting the inventory item that we have recorded we can see its units sold and units received .