Types of Inventory

The stock item type allows the system to track the current on-hand and weighted average cost of an item.

A non-stock item's on-hand quantity is not tracked, and the cost of the item remains constant.  This item type is typically used for labor, shipping, and departmental sales.

If the TransActPOS Rental Module is installed, items may be assigned the Rental stock type. The Matrix for a rental item may be serialized or non-serialized.

The coupon item type designates a discount coupon.  Upon scanning this item during a sale, the price of the sale is reduced by the amount specified in the Retail Price field.  Tax is assessed as determined by the item’s tax status.

A comment item can be added to an invoice

A kit is one item containing sub-components, allowing you to create a pre-made bundle of items.  An example would be a toolbox kit, which contains the box and a set of tools.  

BOM (Bill of Materials) items utilize the Make It function to create Finished Goods within the inventory while consuming the items listed within the BOM Detail.

The inventory serialization feature provides the mechanism to track and sell items by assigned serial number.  TransActPOS includes the ability to attach items to a main serialized item as additional features and correctly determine the cost and price of the unit as a whole.

A variable cost item has the Variable Costing option selected.

This designates a Finance Charge item.

This is used for fee items that are to be attached to other inventory items.