Moving on to the Inventory fast tab you can define the physical aspects of the item in the fields Net Weight, Gross Weight and Unit Volume.
Additionally, in the Inventory fast tab you can define the Stockout Warning field, if you want to get a warning message when the item is used on a sales document that will bring the inventory below zero, and the Prevent Negative Inventory field, if you don’t want to allow the item’s inventory to go below zero.
Next is the Costs & Posting fast tab where you setup the Costing Method. There are five costing methods available to choose based on how you want the cost of the item to be calculated.
In the Cost & Posting FastTab there is also the Posting Details section where you define how the items is posting in the Chart of Accounts.
The Inventory Posting Group defines the stock G/L account in the balance sheet and the General Product Posting Group defines the G/L accounts for selling and purchasing the item. Lastly the VAT Product Posting Group will define the VAT percentage for the item.