HOW TO MAINTAIN INVENTORY

In order to maintain this account firstly we need to open a peach tree account and than selecting the option “open an existing company” after that the following window will appear. And you need to select the option “maintain” and further we need to select the option which is “maintain inventory items” we make to sure that vendors accounts should be made whom which purchases are made.

After selecting inventory items following window will appear.

In which you need to add the item ID and description to check that what type of item is purchased. Here is a tab named as general here we add all the information regarding items.

Price level is the price of purchasing level. Last unit cost tells that when inventory last is purchased. In cost method there are three methods LIFO, FIFO and AVERAGE here we need to select one method. “Item type” here we need to enter the item type that what type of items we purchased whether it is in the form of cotton or linen. In “location” we need to enter the location for example store rooms etc. Next is unit/measure in which the item is measured is mentioned and also tells the weight. In GL SALES ACC, GL INVENTORY ACC, and GL COST OF SALES ACCOUNT here we need to check the effects of transactions. Minimum stock tells us that how minimum stock is left behind to reorder the quantity again.  Preferred vendor ID shows the ID and description which we have already recorded.

In this way all the information is saved.

Next tab is custom field it is changeable. We can change the information in custom defaults.

Next tab is “history” it shows all the previous record of vendors.