Inventory Items:-

We will open Peachtree accounting and set up a new company and make chart of accounts. Inventory item is our Subsidiary ledgers.

Than this window will appear:

Now we will make Inventory items. We will use Inventory Item option in maintain menu. After this we click on Maintain this window will display:

We will click on Inventory Item than we will receive many in formation about inventory item this window will receive:

Now we will put information about inventory item in Header field and Tabs: Item Id and Description in this which is display:

We will enter Item id and Description. There is also a Lookup button to see previous record about inventory item and there is also back and next button. The Item class is Stock Item.

We will click on General Tab that window will display:

In this we will enter these information about inventory item which is displayed in general tab. We will enter price level and we will select 10 price level.

After that next information about Tan item type. Tax type is irrelevant in Pakistan. This will appear:

Now we will enter Last unit cost and select Cost Method: LIFO, FIFO and Average. That window will display:

  

After this we will enter: UCP/SKU, Item Type, Location, Unit/ Measure and Weight in this window:

 Now we will enter GL Sales a/c, GL Inventory a/c, and GL Cost of Sale account. In this window we will enter:

After at last we will enter minimum stock, reorder quantity, preferred vendor id, buyer id and Beginning balances in this window: