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Inventory
To create a record for a "service item"
The Items List window should be displayed.
- Click New. (Creating items)
- 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.
- Enter the name of the new item in the Name field using up to 30 characters.
If your company has many items in stock, your list of items is probably long. You may prefer to enter items and sort your item search lists alphabetically by the items' names instead of by the items' numbers. If you want to use this alternative, in the Windows view of the Preferences window, mark the preference Select Items by Item Name, Not Item Number.
- Mark the I Sell This Item box. When you mark this box, you'll notice that the Income Account for Tracking Sales field automatically appears.
Enter the account you want to use to track the income you receive from the sale of this item.
- Next, enter selling information for the item. Click the Selling Details tab at the top of the Item Information window to display the Selling Details view.
- In the Base Selling Price field, enter the price at which you usually sell one selling unit of measure of this service.
The selling price is the normal price for one selling unit on an item layout. For example, if you perform consultation services on an hourly basis, enter the price of one hour of consulting.
- In the Selling Unit of Measure field, enter the item's selling unit of measure, that is, the method by which this service is "packaged" when you sell it. Some typical units of measure for services are Hour and Day.
- 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 service will automatically be marked when you enter it as a line item in the Sales window.
- At this point, you've entered the item's basic information. Click OK to add this item record to the Items List,
If you wish to enter additional information, continue creating the record using the procedure To add a new item -- all types.
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