Creating items

In MYOB AccountEdge terms, the word item is used to describe:

• A physical unit that your company may buy, sell or inventory. Such an item can also be built using other items; if it is, it's known in AccountEdge terms as a finished item. Such an item can also be one of the building blocks for a finished item; if it is, it's known as a component.
• One of your company's services that you'd like to include on item sales layouts. Such an item is often referred to as a service item.
• A physical unit that your company sells (and may or may not buy or inventory) that you'd like to include on time billing sales layouts.

Note: Items that are inventoried and items that are not inventoried

When you create an item in MYOB AccountEdge you have the choice of marking three selections: I Sell This Item, I Buy this Item and I Inventory This Item.

When you mark the I Inventory This Item selection, you're indicating that you want to track the item's on-hand quantity and value; you're creating an inventoried item.

If you don't need to track an item's on-hand quantity and value, you don't need to mark the I Inventory This Item selection. In this manner, you'll create a item that isn't inventoried.

In accounting terms, your company's physical items should usually be considered current assets.

You can create many types of item records. For more information about the type of record you need, choose from the following list:

Step by step
To add a new item

Related topics
Transferring inventory
Adjusting inventory