Before stock items can be defined, again the base information is necessary.
Inventory Categories are the broad headings under which the company's products (or services) fall. Inventorys can also include service items such as labour. Held in the stock category record is all the additional information required for stock integration to the general ledger. All stock items set up referring to a particular stock category will be posted the same way.
Inventory categories are defined under the system set up tab. All the potential units of measure appropriate to stock items can be defined from the units of measure form under the Setup tab of the main menu under Inventory setup. Inventory Items can be created for non-physical stocks such as labour time for the purposes of invoicing and analysis, these should be set to Dummy Inventory Items - using the Make Or Buy Flag.
