Category Types
Inventory is managed by categories with each identifying whether or not to track inventory movement. It also determines the valuation method to apply to the products represented on the balance sheet.
|
Inventory Type |
Inventory Movement |
|
Finished Goods |
Track Inventory Movement |
|
Raw Material |
Track Inventory Movement |
|
Service Charge |
No Inventory Movement |
|
Dummy Product / No Movement |
No Inventory Movement |