To create a record for an item you buy and sell, but don't inventory

The Items List window should be displayed. (To find the Items List window)

1. Click New.
2. In the Item Number field, enter a unique number. You can use up to 30 numbers, letters and symbols.

The backslash character (\) serves a special purpose in MYOB AccountEdge-any item number that begins with a backslash can be included on sales and purchase forms, but the item number won't appear on printed forms.

3. Enter the name of the new item in the Name field using up to 30 characters.
4. Mark the two boxes labeled I Buy This Item and I Sell This Item.

As you mark these boxes, you'll notice that other fields automatically appear.

• In the Expense Account for Tracking Costs field, enter the account you want to use to track the costs associated with purchasing this item.

• In the Income Account for Tracking Sales field, enter the account you want to use to track the income you receive from the sale of this item.

5. Next, you'll enter purchasing information for the item. Click the Buying Details tab.

In the Buying Unit of Measure field, enter the item's buying unit of measure-that is, the method by which this item is packaged when you purchase it. Some typical units of measure are Each, Pair, Case, Gross, Hour and Day.

6. If you pay tax when you purchase the item, mark the box I Pay Sales Tax When I Purchase This Item.

The item will automatically be marked when you enter a line item for this item in the Purchases window.

7. Next, enter selling information for the item. Click the Selling Details tab.
1. In the Base Selling Price field, enter the price at which you usually sell one selling unit of measure of this item.
   The selling price is the normal price for one selling unit on an item layout. For example, if you sell cans of soda in cases, enter the price of one case of soda.
2. In the Selling Unit of Measure field, enter the item's selling unit of measure-that is, the method by which this item is packaged when you sell it. Some typical units of measure include Each, Pair, Case, Gross, Hour and Day.
8. If you collect tax when you sell the item, mark the box I Collect Sales Tax When I Sell This Item.

When you make a selection from this list, the item will automatically be marked when you enter it as a line item in the Sales window.

9. At this point, you've entered the item's basic information.

If you want more information about the Item Information window read Other considerations when creating items.

Click OK to add this item to the Items List, then return to the To add a new item procedure.

Related topics
An item you buy, sell but don't inventory
Using tax codes
Using custom lists and fields
To enter a description of an item
To enter historical information about an item
To enter pricing level information for an item
To copy pricing level information from another item record
To label a pricing level
To assign a pricing level to a customer card
To enter a label for a custom list
To create list entries on a custom list
To change a list entry on a custom list
To delete a list entry on a custom list
To enter a label for a custom list
To display a picture (or change the picture you display)
To remove a link to a picture