Maintain Stock Group

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Introduction

Maintain Stock Group commonly use to categorize the stock based on the following points into considerations.

a. Brandings, eg. Apple, Sony, Samsung, LG, etc;

b. Different costing method;

c. Product types, eg. raw materials, trading products, manufactured products;

d. To report different sales/purchase account in Profit & Loss Statement.

Maintain Stock Group

Maintain Stock Group entry form as shown the screenshot below.

Field Name	Explanation & Properties
Code	Input the new Stock Group code Field type : Alphanumerical Length : 20
Description	Input the Stock Group description Field type : Alphanumerical Length : 200
Costing Method	Select an appropriate Costing Method for stock valuation. Options: FIFO, Weighted Average or Fixed Costing
Sales Code	Select a GL Account for Sales.
Cash Sales Code	Select a GL Account for Cash Sales.
S.Return Code	Select a GL Account for Sales Returns Inward.
Purchase Code	Select a GL Account for Purchase.
Cash Purchase Code	Select a GL Account for Cash Purchase.
P.Return Code	Select a GL Account for Purchase Returns Outward.