Setting up inventory items

Create tracked items with SKUs, locations, reorder points, and costing method.

Creating an item

Inventory items are the things you track on hand. Each item has a SKU, a costing method (FIFO or weighted average), an inventory asset account, and a COGS account.

On-hand quantity is derived from the movement ledger, never edited directly.
Set a reorder point and reorder quantity to flag low stock.
Assign a preferred vendor to speed up replenishment.

Creating an item

See also