Stock (Inventory) Groups |
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You can create inventory groups to organize your inventory into portions with similar features.
Each stock item will be assigned to an inventory group (stock group).
Inventory groups determine markups and line discounts, and turnover is calculated by stock group.
If you sell an item, the Stock Group will determine to which sales and cost of sales account it will be posted.
Watch the video: Creating Stock Groups - Tutorial
Go to: Stock Items > Stock Groups
Hover the mouse over the different fields on the form. If the cursor changes to a hand (
) , click to get more information.
Add your Stock Groups and Connect each Stock Group to a specific Cost Account, Sales Account, Stock Account and a Stock Adjustment Account.
Hover the mouse over the different fields on the form. If the cursor changes to a hand () , click to get more information.
Minimum / maximum Markup |
If Please remember to set the markup % for the main group as well as the subgroups. You can set in invoice options that items can be sold below the minimum markup. See also Pricing Options |
Stock account |
You can change the general ledger stock account in the Goods Received Note (GRN). To activate the column you must do the following: 1) Go to GRN Security Setup and select the 'Allow GL Stock Override'. 2) Go to the Stock Options form. Select the 'Per Line Stock GL Account' and/or the 'Per Line stock GL Account - NSI only'.
In the GRN, look for the Stock GL Account column to make your changes. |
