The aim of this section is to provide guidance on how to track and manage inventory items within Xero.
There are two types of inventory on Xero; tracked and untracked.
Untracked items are those that you do not need to keep a count of. This type of inventory would frequently be used for services, such as delivery costs. By setting this up as an untracked item, it helps to speed up data entry when raising sales invoices to customers. Tracked inventory is used for those products that you are buying and selling and by using Xero, this will enable you to run valuation reports at the end of the financial year to assist with your stock- take.
Page 34 of 166
Made with FlippingBook - professional solution for displaying marketing and sales documents online