Inventory Items

First we open the Peachtree Accounting Software for maintain the inventory items. Then we click on tool bar of MAINTAIN and then click on INVENTORY ITEMS.

Then open a box of Maintain Inventory items.

First we write the Item Id. And we can check the Item Id with the help of lookup button.

Then we write the Description. And we select the item class. Normally, we use the stock item.

 So, these are four tabs. First Tab is General. In General first we write the price level. Then we write the tax type which regular or irregular. After that we write the last unit cost. Then select the Cost method that is FIFO or LIFO or AVERAGE method. So after that UPC stands for Universal Price Code. Then write the item type also location or unit/Measure.

Then 2^nd side of this account we select or write the GL (General Ledger) sales account with the help of lookup button also select GL. Inventory Account and GL. Cost of sales account.  

So second Tab Custom field. That is need for unique business for the set up data. We can add customized fields to item reports.  

Then 3^rd is History. in this tab we check the item and sold history.