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Default information of Inventory Items

To set the default information of inventory items,click the option “Maintain” and from drop down menu select the option of “Default information” and after that select the option of “Inventory iems” like below

After clicking on inventory items, the following window will appear

In this window you have five different tabs..
.General
.General ledger accounts/costing
.Taxes/shipping
.Custom fields
.Price levels
In the general tab you have different options
UPC/SKU
Quantity available
Sales invoice/Receipt out of stock warning message
Sales order out of stock warning message
You can choose the option behind the  quantity available that you want to include purchase orders in quantity available or not..if you doted the option of include purchase order in quantity available then it will include the purchase orders otherwise not..
There are three options behind the sales invoice/receipt out of stock warning message
.Dont warn me.
.Warn if inventory item is out of stock based on quantity on hand.
.warn if inventory item is out of stock based on quantity available.
After that click on the second tab which is “GL Accts/costing” like below

it is used to give GL sales account,GL Inventory accotn and GL cost of sales account for different item classes when maintaining inventory..
After that click on the next tab,which is “Taxes/shipping” like below



in this tab you will select the income tax types and also the ship methods,after that click on the next tab which is of “Custom Fields” like below

In this tab you have fields available and you can enter extra information about customer or vendor as you want..you can enable or disable an field,these fields ae shown in inventories custom fields tab,After that click on the next tab like below



In this tab,you can set different price levels for inventory items,you can create ten different price levels as per your requirements..After that click on ok to save the settings..
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