Product Search/Edit

Roles

Stock Admin

 Path

Stock register » Product Search/Edit

Terminology Used

Base Product – Highest type of Product hierarchy E.g. Computer and Peripherals, Furniture etc…

Depreciation - Depreciation is an accounting method of allocating the cost of a tangible or physical asset over its useful life or life expectancy. Depreciation represents how much of an asset's value has been used up. Depreciating assets helps companies earn revenue from an asset while expensing a portion of its cost each year the asset is in use

Purchase Unit – the "Purchasing UoM" refers to the units that the vendor uses in the invoice. "Items per Purchase Unit" refers to how many items are in each Purchasing UoM

Stocking Unit – The stocking UOM describes how you store quantities of an item in the warehouse. You can use the stocking UOM for a variety of transactions, including transfers, container management, adjustments, picking, and ordering.

Conversion Factor – A conversion factor is the number or formula you need to convert a measurement in one set of units to the same measurement in another set of units.

HSN Code - HSN means Harmonized System of Nomenclature code used for classifying the goods under the GST, Goods and Service Tax.

SAC Code - The SAC code means Services Accounting Code under which services fall under GST are classified.

 Functionality

- User can add new product

- User can add product category under Base product E.g. Base product will be Furniture and Product category can be wooden Chair, Revolving chair, Table etc…

- User can define the product hierarchy under Base product E.g. Product under Product category and product category will be under of Base product.

- User can edit the product details like Product name, Ledger for Depreciation and percentage, life of product etc…

- User can search product item from the list.

- Able to set depreciation percentage for each product item.

 Screen Shots / Steps

Product search/edit

Add New Product

Edit Product Details