Create New Item - B's MicroLedger

📦 Create New Item (Item Master)

Defines the item and its financial relationship to the General Ledger.

SKU

StandardCost

Description

These links determine how purchasing, stocking, and selling this item affect the financial statements.

1. Inventory Asset Account (BS) The account debited when stock is purchased.

2. COGS Expense Account (P&L) The account debited when stock is sold.

3. Revenue Account (P&L) The account credited when the item is sold.

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