FrontAccounting/C2/Items-and-Inventory/English-timed

Time	Narration
00:01	Hello everyone! Welcome to this tutorial on Items & Inventory in FrontAccounting.
00:07	In this tutorial, we will learn to set:
00:10	Units of Measure, Items, Item Category and Sales Pricing.
00:19	To record this tutorial, I am using: Ubuntu Linux OS version 14.04, FrontAccounting version 2.3.25
00:30	To practice this tutorial, you should have Knowledge of Higher Secondary commerce or knowledge of accounting.
00:38	Before we start, let us understand the meaning of Items.
00:41	Items are the things which you can buy or sell in the business.
00:47	We have to keep a record that lists key information about an inventory item.
00:53	Now, let us see the meaning of inventory.
00:57	It is a complete listing of:
00:59	Stock in hand, work in progress, raw materials and finished goods in hand.
01:08	Let us start by opening the Frontaccounting interface.
01:12	Click on the browser.
01:14	Type: localhost/account and press Enter.
01:19	The login page appears.
01:21	Here, type the username as admin and the password.
01:25	Click on Login button.
01:28	Frontaccounting window opens.
01:31	Click on the Items and Inventory tab.
01:34	The page opens and we can see various panels.
01:39	Under Transaction panel, we can see the options:
01:42	Inventory Location Transfers and Inventory Adjustments.
01:47	Inquiries and Reports panel is used for making reports and inquiries.
01:52	Here, we have the options:
01:54	Inventory Item Movements, Inventory Item Status and Inventory Reports.
02:01	Maintenance panel is used for setup of Items and Inventory details.
02:06	To do the setup, we have to make use of the following options:
02:10	Items, Units of Measure and Item Categories.
02:17	Pricing and Costs panel is used for selecting the pricing level of items or inventory.
02:23	For this, we have to use the option Sales Pricing.
02:27	Let us see how to set Units of Measure.
02:31	Units of Measure option has to be specified for each Item.
02:36	Here, we can see the chart which represents the Units of Measure.
02:41	The chart shows:
02:42	Physical quantity measured, Base unit and SI abbreviation.
02:49	We can see the Base unit of a substance is mole and the SI unit abbreviation is mol.
02:58	Likewise, base unit of scale is meter and the abbreviation is m.
03:05	Now, switch back to the Frontaccounting interface.
03:09	Click on Units of Measure option.
03:13	Here, we are prompted to fill in all the necessary information pertaining to the Units of Measure.
03:20	I have filled these details here. Please fill the details likewise.
03:25	Click on Add new button to add this unit.
03:29	The pop up message shows that we have successfully added a new unit.
03:34	We can also see the table with the updated entry.
03:38	Click on the Back option to return back to the Frontaccounting interface.
03:44	Let us now set the Items.
03:47	Click on the Items under Maintenance panel.
03:51	You may see the default Items in the list.
03:55	We can also create a new Item as required.
04:00	I will demonstrate.
04:02	Here, we are prompted to fill in all the necessary information pertaining to the items.
04:09	I have filled these details here. Please fill the details likewise.
04:14	Make sure that you give the unique code for each item you fill.
04:19	Scroll down.
04:22	And then click on the Insert New Item button.
04:26	The pop-up message shows that we have successfully added a new item.
04:31	Click on the dropdown box, we can see the new item is added.
04:36	Scroll down.
04:39	And click on the Back option to return back to the Frontaccounting interface.
04:45	Let us now set the Item Categories to which item belongs.
04:50	Click on it.
04:52	Scroll down to see the details.
04:55	We have to create our own Item category which defines:
04:59	Item tax type, Item Type and Units of Measure.
05:03	Here, we are prompted to fill in all the necessary information pertaining to the Item Category.
05:10	I have filled these details here for-
05:12	Category Name, Item Tax Type, Item Type and Units of Measure.
05:19	Other details like: Sales Account, Inventory Account, C.O.G.S Account, Inventory Adjustment Account, Item Assembly Costs Account, Dimensions.
05:32	I will keep it as it is.
05:35	Please fill the details likewise.
05:39	Click on Add New button to save the entry made.
05:44	The pop up message shows that we have successfully added a new item.
05:49	We can see the above table with the details updated here.
05:53	Scroll down.
05:55	Click on the Back option to return back to the Frontaccounting interface.
06:00	Let us see the Sales Pricing.
06:03	This option is used to assign sales prices to individual Sales item.
06:08	Click on the Sales Pricing option.
06:12	Click on the dropdown box.
06:15	Select the item for which we want to assign the Sales Price.
06:19	I will select the item as Cement.
06:23	This is because we will use this item for sales purpose in the Sales in Frontaccounting tutorial.
06:30	Now, click on the Currency dropdown box.
06:34	I will select the currency as Rupees.
06:38	Click on the Sales Type dropdown box.
06:40	There are two options: Retail and Wholesale.
06:46	How to setup the Sales Type option is explained in the Sales in Frontaccounting tutorial.
06:52	So, here I will select Wholesale.
06:56	Click on the Price field.
06:59	I will type the Price against the Item as 5,000 per Kg.
07:05	Click on Add new button.
07:07	The pop up message shows that we have successfully added a Sales price against the item Cement.
07:15	We can also see the table here which we have updated.
07:19	Click on the Back option to return back to the Frontaccounting interface.
07:25	Let us summarize.
07:27	In this tutorial, we have learnt to create:
07:30	Units of Measure, Items, Item Category and Sales Pricing.
07:36	As an assignment,
07:38	Add a new item Steel with an Item code 46 in the Items & Inventory tab.
07:45	Create a new Item Category using the above added item.
07:49	This video summarizes the Spoken Tutorial project.
07:53	Please download and watch it.
07:56	We conduct workshops using Spoken Tutorials and give Certificates.
08:01	For more information, please contact us.
08:05	The Spoken Tutorial Project is funded by NMEICT, MHRD Government of India.
08:12	This tutorial has been contributed by Sheetal Prabhu from IIT Bombay. Thank you for joining.

Contributors and Content Editors

Jyotisolanki, Ranjana, Sandhya.np14