The software table is the inventory file. It contains information concerning the the items available for sale.
The software table contains five data fields for each item.
Data fields can be edited by double-clicking the cell that displays the item.
- vendor product
This 10-digit field concatenates a five digit vendor number with a five-digit item number.
Authorized sale price. This is used to price orders.
Unit cost of item. This is used to cost purchase orders and the cost of goods sold.
Items available for sale.
Balance displays the total of cost time quantity for the entire inventory. This total does not directly reconcile to the general ledger inventory account as inventory adjustments for purchase discounts, freight charges, and other such items are not reflected in the unit cost of items available for sale.
Options collects processing functions.
Add New Product
Enter the data into the labeled textboxes. The first five digits of vendor product must be entered by selecting a vendor that exists in the accounts payable ledger. No journal entry is prepared when new items are added.
Print or Paste
Print or Paste is used to copy data either to the Printer directly or to the Window's Clipboard for pasting into other applications.
Change Font allows you to do so.
Help displays the menu of common help topics and the accounting glossary.