Maintain Stock Group

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Menu: Stock | Maintain Stock Group...

Introduction

It 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.
Stock-Maintain Stock Group-01.jpg


Maintain Stock Group

Maintain Stock Group form as shown the screenshot below.
Stock-Maintain Stock Group-02.jpg
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.