The Inventory Item screen is used to setup Time, Inventory and Service items you buy and/or sell in your business. The accounting method you use to track Inventory is an important decision you make with your advisor so before proceeding ensure you know and understand what method you want to use.

Inventory Accounting Methods

There are two main methods of inventory management. They are;

• Periodic Inventory System
• Perpetual Inventory System

Saasu uses the Perpetual Inventory System when you setup and item as ‘I Inventory This Item’.

Adding a new Inventory Item

There are many uses for inventory. Selling time blocks and services along with the more traditional buying and selling of stock. The help note about Inventory Methods goes into a variety of ways you can use the inventory system in more detail. The following example is just one method:

1. Enter a Code and Description for the Item
2. Check the appropriate box(s) for the item to tell Saasu whether you treat the Item as Inventory Item, Buy Item and/or Sell Item. Refer to Inventory Methods help note for guidance.
3. Choose the appropriate Tax Codes and Accounts for each of these sections.
4. Click Save and Close to finish or Save and Add Another to save this entry and start adding a new Inventory Item.