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Inventory

Creating items

In MYOB Premier Accounting terms, an item can be:

• 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 Premier Accounting 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 include on time billing sales layouts.

Note:  Should I mark "I Inventory This Item"?

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:

• An item you buy, sell and inventory

• An item you buy and sell but don't inventory

• An item you buy for office use only

• An item you use only as a component to build other items

• A "service item"

• A consignment item

• An item whose information you copy from another item

• To create a default reimbursement item

• Other considerations when creating items

• Adding details and custom information about an item

• Entering the item's opening quantity and value

Step by step

• To add a new item -- all types

Related topics

• Building items
• Adjusting inventory