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In the previous lessons you created the record of the new Vendor.
In the current lesson you will learn how to add a new Item to the Items List. All the items your company can sell are stored in this list.
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In the created Sample Company there already exists a list of items, but you will create a new one in order to learn the process of adding. You can go to the Items Inventory List to see all the existing items.
There is a list of Vendors from whom you can purchase the items you have in the Items List.
Take the following steps to create a new item:
- Press
 on the Commands Panel, select Items List  in the Navigation Pane, make right click in the working pane and select Add.
- Select Inventory Item from the drop-down list in the Type field.
- Enter the item number - RM-8185BE - into the Number field.
- Enter the item description - ASH/TRASH 15 GAL CONTAINER BEIGE - into the Description field.
- Define the smallest UOM - EA.
- Set the UOM Relation - UOM - BX; Factor- 10.
- Enter 10 for the UPC.
- Select 1200,Inventory Asset for Inventory account from the drop-down list.
- Set stock UOM - BX.
- Enter $2 for the item's cost.
- Select 4490,Cost of Goods Sold for COGS Account.
- Define BX for Purchase UOM.
- Select preferred Vendor from the drop-down list - Vista Pak Industries,Inc.
- Set $20 for the sales price.
- Select 4010,Sales Income for the Income Account.
- Define Sell UOM - EA.
- Enter the warehouse location - 1102 THOMAS AVENUE, LEESBURG.
- Press the Ok button.
When you have finished data entry, you are to see the following window with the filled fields:
The item is added to the Items List. Now all the transactions with this item can be performed. In the following lesson you will learn how to purchase an item.
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