Setting up Product Record
To set up a product record, complete the following steps.
1. Under the PRODUCTS & STOCK heading, click Products.
2. On the Products page, click Add Product.
3. Enter the following details for the new product.
|PRODUCT DETAILS heading|
|PRODUCT CATEGORY||Click to select a category or add a category on the fly by clicking New.|
|PRODUCT CODE||Enter the product code.|
|BAR CODE NUMBER||Enter the bar code number.|
|PRODUCT DESCRIPTION||Enter the product name.|
|Exclude from VIES||To exclude all transactions on this product from VIES calculations, tick. By default, the transactions are included.|
|Product Details tab|
|SALES PRICE||Sales price per unit.|
|PURCHASE PRICE||Purchase price per unit.|
|MARKUP %||Mark up percentage.|
|SALES NOMINAL CODE||Select a nominal code.|
|PURCHASE NOMINAL CODE||Select a nominal code.|
|SALES VAT RATE||Sales VAT rate.|
|PURCHASE VAT RATE||Purchase VAT rate.|
|LANDED COST||Landed cost.|
|LANDED MARKUP %||Landed mark up.|
|Show Popup Notification in Transaction||If you enter a short note in the ADD A NOTE TO THE PRODUCT field and then you include the product in an invoice, the note appears in a pop up every time you change row in the invoice.|
|ADD A NOTE TO THE PRODUCT||Add a note to the product.|
|Product Store Details tab: If you set up one or more stores, enter details of the stores.|
|Stock Level Details tab||To maintain stock levels, select Maintain Stock Level. Specify minimum stock level in the MINIMUM STOCK LEVEL box; reorder quantity in the REORDER STOCK LEVEL box and the optimum level at the OPTIMUM STOCK LEVEL box. You can do the same store-wise.|
|Intrastat Details tab|
|Exclude from Intrastat||To include all applicable transactions in INTRASTAT calculations,untick. If you untick, you need to enter other information, as given below. By default, it is excluded.|
|COMMODITY CODE||Select the commodity code under which the Intrastat reporting is done. Until community code is selected, placeholders remain disabled.
The outcome of it is, when the report is exported or imported in CSV, the column is displayed.
|NET MASS||Enter the net mass.
The outcome of it is, when the report is exported or imported in CSV, the net mass is displayed.
Enter the supplemental units.
The outcome of it is, when the report is exported or imported in CSV, the supplimental units is displayed.
|COUNTRY OF ORIGIN||
Enter the Country Of Origin from the drop down.
The outcome of it is, when the report is exported or imported in CSV, the Country of origin is displayed.
4. Click Save to save the product.
This section explains the various product parameters after it is set up. This section describes the following columns: Stock, Order Details and Available.
|Stock||This shows the current stock of a product. The stock level is updated based on the stock set up. For example, if the incoming stock level is set to be updated based on invoiced product quantity, then the stock level is updated when a purchase invoice is raised.|
|Order Details||The Ord. In is updated based on the stock set up. For example, if the order levels update is based on purchase orders, then it is updated when you raise a purchase order. The Ord. Out is updated based on the stock set up. For example, if the orders-out level is based on sales invoices, then it is updated when a sales invoice is raised. With each update to the Ord. Out level, the Stock level is updated and so is the Available stocks.|
|Available||Shows the current available stock post orders and invoices.|