Accounts - Account entry for current item.
COGS Account - Cost of Good Sold Account - Expenses Type
Inventory Account - Value of Received / On Hand Inventory
Inventory value need to be adjust in General Ledger from time to time if
1. Override to receiving cost / multiple receiving cost.
2. Change to item standard cost after receiving / adjustment done.
In real live, cost always change, so it is necessary to adjust on hand inventory with accounting inventory value.
When adjusting the value, user should key in the variance amount in double entry (Inventory, COGS) and made Inventory Account value = Items Total Cost.
Color - Color of the item (Optional)
Size - Size of the item (Optional)
ItemGrp - Item with Color/Size Group name.
Class1 - Categorize items in classes, this is first class, can be use as brand too.
Class2 - Second classification.
Support up to 5 barcodes.