Planning Your Stock Items

InventoryGuide > Inventory > Setting Up Your Stock Items > Planning Your Stock Items

You can use Inventory to track and manage your stock items according to your needs.

We recommend you review all your options and determine what information your business needs and wants to track before you set up your stock items. Some questions you might ask yourself as you plan are:

• Do you want to keep track of your stock items using the same valuation method?

• Do you have serialized or lot numbered stock items?

• What pricing method(s) do you want to use?

• Do you need to track the cost of goods sold in different ways for different groups of stock items?

You can make changes to your stock items at any time, but they will only affect future transactions and not previously posted transactions.

Once you enter your stock items, you can sell them in the Sales module, include them in a job in Job Cost, and purchase or adjust them through Inventory, Accounts Payable, and Purchase Order.