Inventory Items

 

ITEMS are individual elements that include the actual goods and services you sell to customers, as well as parts and raw materials you purchase from vendors. Nebula Accounting provides you to sell several categories of items:

Inventory parts or Inventory Items - items that you track amounts and values you as well as the marginal profit you make on each.

Non-inventory parts or Non-Stock Items - Items which you purchase for a particular customer and then sell at a profit.

Service Items - Items that represent a unit of service.

Items are classified and organized in the system using families and categories.

FAMILIES -> CATEGORIES -> ITEMS

Families represents the main catalogue for items. Families contains categories of items. Categories contain items.

 

Using the Item Screen:

Item Name/Number - enter a descriptive name for this item

Weight - enter the weight of this item, if it is an inventory part

Purchase Description - enter a description which will appear in purchase transactions screens

Sales Description - enter a description which will appear in sales transactions screens

Cost - enter the amount this item usually costs you

Asset Account - select the account that will keep track of the total value of the inventory on hand for this item

COGS Account - If this item is an inventory part, this is the account that will keep track of the cost of the sold goods.

Income Account - Select the income account for this item

Sales Price - enter the rate you are usually sell this item

Picture URL - Enter the path and file name of an image that will describe this item in the shopping cart