Inventory item types

There are 5 types of inventory items that can be created, namely:

  • 0: Normal stock items
  • 1: Non-stock items
  • 2: Non-stock items with a negative price
  • 3: Normal stock items (specific to the cellphone industry)
  • 4: Non-stock items with a serial number

How do the different inventory item types differ from each other?

Normal stock items

This item type pertains to normal stock items, meaning a physical item that can be bought and sold.

Non-stock items

This item type pertains to items that are not physical items like for example service items such as labour.

Non-stock items with a negative price

This item type allows non-stock items to have a negative price, like for example when you credit someone for something, but it does not influence your stock and you want it to show on the transaction.

Normal stock items (cellphone industry)

This stock type is specifically used in the cellphone industry. It is used for stock items, but the way in which the transaction works is different to that of a normal stock item. A rebate control account is used instead of a cost of sales account. This item type will for example be used for a cellphone that is sold on contract.

Non-stock items with a serial number

This item type is specifically for non-stock items in the cellphone industry and is used for contracts. This item type also has a sub-type and can be defined, but it's usually defined as new phones or upgrades. When using this type of item on transactions a serial number is required, usually, a cellphone number is used in this case.

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