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.
Maintain Stock Group
- Maintain Stock Group 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.