Stock (Inventory) Groups |
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You can set up inventory groups to divide your inventory into segments that have the same characteristics.
Each stock item will be associated with an inventory group (stock group).
Inventory groups determine markups, line discounts and you get turnover figures per stock group.
If you sell an item the Stock Group will determine to which sales and cost of sales account it will be posted to.
Watch the video: Creating Stock Groups - Tutorial
Go to: Stock Items > Stock Groups
Hover the mouse over the different fields on the form. If the cursor changes to a hand (
) , click to get more information.
Hover the mouse over the different fields on the form. If the cursor changes to a hand () , click to get more information.
Add your Stock Groups.
Connect each Stock Group to a specific Cost Account, Sales Account, Stock Account and a Stock Adjustment Account.
Minimum / maximum Markup |
If Please remember to set the markup % for the main group as well as the subgroups. You can set in invoice options that items can be sold below the minimum markup. See also Pricing Options |
Cost account |
If it is a non stock item then you can change the account in the GRV. Look for the "Stock GL Account" column. This option can be disabled in the GRN security setup. |
