FrontAccounting-2.4.7/C2/Items-and-Inventory-in-FrontAccounting/English-timed

Time	Narration
00:01	Welcome to the spoken tutorial on Items and Inventory in FrontAccounting.
00:07	In this tutorial, we will learn to add the following in FrontAccounting: Units of Measure
00:14	Items
00:16	Item Category and Sales Pricing
00:20	To record this tutorial, I am using Ubuntu Linux OS version 16.04
00:28	FrontAccounting version 2.4.7
00:32	To practise this tutorial you must have knowledge of Higher secondary commerce and accounting and Principles of Bookkeeping
00:42	And you should have already set up an Organisation/Company in FrontAccounting.
00:48	If not, for relevant FrontAccounting tutorials please visit this website.
00:54	Start the XAMPP services before you begin working on FrontAccounting interface.
01:00	Before we start, let us understand what are Items in FrontAccounting.
01:06	Items are the things which we can buy or sell in the business.
01:11	We have to keep a record that lists key information about an inventory item.
01:18	Inventory is a complete listing of Stock in hand,
01:23	Work in progress, Raw materials and Finished goods in hand.
01:30	Let us open the Frontaccounting interface.
01:34	Open the browser and type localhost slash account and press Enter.
01:43	The login page appears.
01:46	Type the username as admin and the password. Click on Login button.
01:54	The Frontaccounting interface opens.
01:57	Click on the Items and Inventory tab.
02:01	Maintenance panel is used to set up Items and Inventory details.
02:06	To do the setup, we have to make use of the following options: Units of Measure
02:13	Items and Item Categories
02:18	Let us see how to set Units of Measure.
02:22	Units of Measure option has to be specified for each Item.
02:27	In the Maintenance panel, click on Units of Measure link.
02:32	By default you will see each and hour as units of measure.
02:38	Let us see how to add a new Units of Measure for kilograms.
02:43	Type the details for the unit kilograms as shown here.
02:48	In the Decimal places drop-down box, select zero.
02:53	Click on the Add new button at the bottom of the window to add this unit.
02:59	The pop-up message shows that we have successfully added a new unit.
03:04	We can also see the table with the updated entry.
03:08	Likewise you have to add the required Units of measure for your company’s items.
03:15	Click on Back link at the bottom of the window to go back to the FrontAccounting interface.
03:22	Now let us set the Item Categories to which the item belongs.
03:28	Item Categories helps us to group the items we buy and sell.
03:33	Click on Item Categories link.
03:35	We can see some default Item categories here - Charges, Components, Services and Systems.
03:48	We need to create our own Item category, which defines. Item tax type,
03:54	Item Type and Units of Measure
03:58	Say for example, our company deals with finished goods i.e Laptops.
04:04	So we will add a new Item category named Finished Goods.
04:09	Fill the details as shown here. Category Name – Finished Goods
04:15	Item Tax Type - Regular Item Type - Purchased
04:21	Units of Measure - Each
04:24	Keep all the remaining fields with default values.
04:28	Click on the Add New button at the bottom of the window to save the entry.
04:34	We can see that the newly added details are updated in the above table.
04:40	Click on Back link at the bottom of the window to go back to the FrontAccounting interface.
04:47	Next let us create a new Item for this Item category.
04:52	In Maintenance panel, click on the Items link.
04:57	Here, we are prompted to fill in all the necessary information for the item. Fill the details as shown here.
05:06	Make sure that you give a unique code for each item you fill. This is mandatory.
05:13	Category is the Item category to which the item belongs. We have selected Finished Goods.
05:21	Item type is to know whether the item is used for: manufacturing purpose
05:28	purchased from a supplier or for a service
05:33	Scroll down. And then click on the Insert New Item button at the bottom of the window.
05:41	The pop-up message shows that we have successfully added a new item.
05:47	Click on the drop-down box at the top of the window.
05:51	We can see that the new item has been added.
05:56	As an assignment: Add two new items under Item category- Finished goods
06:02	Add two new items under Item category- Components
06:07	Refer to the Assignment link of this tutorial for details
06:12	After completing the assignment, click on the drop-down box at the top of the window.
06:18	Now you should see 2 items under Components and 3 items under Finished goods.
06:26	Click on Back link at the bottom of the window to go back to the Frontaccounting interface.
06:33	Pricing and Costs panel is used for selecting the pricing level of the items or inventory.
06:40	This option is used to assign sales prices to individual Sales item. Click on the Sales Pricing link.
06:49	Click on the Item drop-down box. Select the item Dell Laptop for which we want to assign the Sales Price.
06:58	Now, click on the Currency drop-down box.
07:02	Select the currency as Indian Rupees.
07:06	Click on the Sales Type drop-down box.
07:10	There are two options: Retail and Wholesale
07:15	Here select the option, Retail.
07:19	Next, click on the Price field. Type the Price against the Item as 53,000 per each.
07:28	Then click on Add New button at the bottom of the window.
07:33	The pop-up message shows that we have successfully added a Sales price for the item Dell Laptop.
07:41	We can also see updated values in the table here.
07:45	Click on Back option at the bottom of the window to go back to the Frontaccounting interface.
07:52	This brings us to the end of this tutorial.
07:56	Let us summarize.
07:58	In this tutorial, we have learnt how to create, Units of Measure, Items
08:06	Item Category and Sales Pricing
08:10	As an assignment, add the sales price for the items shown below: Keep the Sales Type as Retail.
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08:39	Spoken Tutorial project is funded by MHRD, Government of India. The script and video has been contributed by Spoken Tutorial team. This is Pratik Kamble signing off. Thanks for joining.

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