INVENTORY ITEMS

Maintain inventory

In Peachtree software we can record our sales and purchase of items and can make subsidry ledgers by the following procedure.

First of all open peachtree software and click on the maintain menu

You have the above window on your screen and you have to click on Inventory Items.

When you click on Inventory items you have the below window on your screen

You have to fill some necessary information in this window the first one is ITEM ID it is the id of that particular item which you are recording in the Peachtree software.

Next is description it means the item type which we use in the sale purchase transaction.

Below we have to fill all this information first is

v Price level; here we set a price level for our commodity.

v Last unit cost; it means that cost at which we purchased the last item or unit.

v Cost method; here we write our method on which we are costing our product.

v Next we give sales ledger account, inventory account, cost of sale account after finishing all this information you also have to fill the next part of this window which is consist on

ü UPC universal price code

ü Item type

ü Location

ü Unit/ measure

ü Weight

One important information is that Reorder Quantity is always more than the minimum stock. Basically re order quantity is that quantity on which we make our order again.

After finishing all this information you have to move on.