Select...	For...
I Buy this Item	Items or services you want to include on an item purchase order. This includes items that are not for resale, and for which you don’t need to track quantities and values. For example, items for office use only. It can also include raw materials you use as components to build other stock items.
I Sell this Item	Items or services you want to include on an item invoice.
I Stock this Item	Items you buy or sell and whose quantity and values you want to track. It can also include intermediate goods used in the productions process, such as parts used to manufacture finished goods.

Account	Description
Cost of Sales Account	Type or select the account you want to use to track the costs associated with producing this item.
Income Account for Tracking Sales	Type or select the account you want to use to record the income you receive from the sale of this item.
Asset Account for Item Stock	Type or select the account you want to use to record the total value of this item.
Expense Account for Tracking Costs	Type or select the account you want to use to record costs associated with purchasing this item.

A	[Optional] Type the standard cost of an item. If you want to use the standard cost price as the default price, select Use Standard Cost as the Default Price on Purchase Orders and Purchases preference in the Preferences window (Stock tab).
B	Type the unit of measure (such as ‘each’ or ‘case’) in which you purchase the item. The buying unit is printed on the purchase order. For example, if you buy eggs by the carton, when you order five units in a purchase, you are ordering five cartons.
C	If you track on-hand quantities and values for this item, type the number of items that comprise a single buying unit. This is the number that is added to your on-hand stock for every buying unit. For example, if you buy eggs by the carton and track their purchase as individual units, enter 12 as the number of items per buying unit. When you buy one carton unit, your item stock is updated by twelve items. If you leave this field blank, the value defaults to one.
D	[Optional] Enter the restocking information: • Type the minimum level of this item you want to keep in stock. When the quantity drops below this level, a re-order reminder appears in the To Do List. • Type or select the supplier from whom you usually re-order this item. • Type the supplier’s number for the item. • Type a re-order quantity for the item. If you have set a minimum quantity for a re-ordering alert, you can create an order for the items easily using the Stock Alert tab in the To Do List. The default quantity showing on the order will be taken from this field.
E	Choose the VAT code you want to use when you purchase this item. You can override the VAT code when you record the purchase.

A	Type the retail price of one selling unit.
B	Type the selling unit of the item (such as ‘each’ or ‘case’). You can type up to five characters. The selling unit is printed on the item invoice. If, for example, you sell by the six-pack, when you sell five units, you will be selling five 6-packs.
C	If you track on-hand quantities and values for this item, type the number of items that comprise a single unit in this field. This is the number that is subtracted from your on-hand stock for every selling unit. For example, if you sell by the six-pack, enter 6 as the number of items per selling unit. When you sell one six-pack, your item stock is reduced by six items.
D	[ AccountEdge Plus only] Set pricing levels for different kinds of customers. See Creating custom price levels.
E	Select the VAT code you want to use when you sell this item. Note that you can override the VAT code on invoices.
F	If you want to indicate that all prices on the Selling Details tab are VAT inclusive, select the Prices are VAT Inclusive option. If the prices are VAT exclusive, deselect this option.