Add an item in Products and services
In the Main menu, select Products and services.
Select Items.
Click New item.
Enter the item's Code/SKU and Name.
Select whether the item will be used for purchase or sales transactions or both.
Enter the default price, account, tax and description values that will automatically populate when the item is used in transactions.
Click Save
About the inventory item fields
Field | Tip |
SKU | Add an item code to help you find and organise your items. If you use SKU, ASIN, ISBN, MPN, UPC, EAN, GTIN or another standard reference code for your items, consider using this as your item code. |
Name | Add an item name, up to 50 characters long. The item name is for internal use and doesn't display in PDF invoices, credit notes, quotes or purchase orders. |
Cost price | Add the cost price of the item in your base currency using up to 4 decimal places. Don't add a currency symbol. |
Purchase account / Cost of Goods Sold account | Select the default chart of accounts code for the cost incurred when buying the item. If you need to, you can select a different account when you enter a purchase. |
Tax rate (Purchases) | Select the default tax rate to use when buying the item. |
Description (Purchases) | Add the text you want to appear in the description field of bills and spend money transactions when you use the item. |
Sale price | Add the sale price of the item in your base currency using up to 8 decimal places. Don’t add a currency symbol. |
Sales account | Select the default chart of accounts code for revenue received when selling the item. If you need to, you can select a different account when you enter a sale. |
Tax rate (Sales) | Select the default tax rate to use when selling the item. |
Description (Sales) | Add the text you want to appear in the description field of invoices, quotes and receive money transactions when you use the item. |