Items
These are the base-level components in the inventory.
Every other structure builds upon or uses these items.
How to Create an Item (Product or Service)
Go to Item Creation Screen
Fill in Basic Details:
Name and Description
Item Type: Choose Product or Service
Enable "I Sell This" if it’s for sales
Enable POS and/or Sell on ECOM if applicable
Set Pricing & Stock:
Purchase Price, Selling Price
Sales Tax, Opening Stock, and Stock Date
Assign Details:
Account (Income if item is for sale, Expense if it was not)
Units, and Category.
SKU, and HSN Code (if used)
Generate barcode if needed
Click Save
Items with Variants
These are items that have multiple options or variations (e.g., size, color, type).
They are essentially grouped under the same base item but are managed as separate options.
How to Create an Item with Variants (e.g., size, color)
Start a New Item
Follow the same steps above for general item details.
Add Variant Options:
Go to the Item Options section (right panel)
Click “Add Options”
Choose Type (Text or Color)
Enter Title (e.g., Size, Color)
Add option values by clicking “+” (e.g., Small, Medium, Large)
You can add multiple attributes (e.g., Size + Color)
Variants Will Generate Automatically
The system will display all possible variant combinations below
You can assign stock, price, and item code to each variant
Click Save
⚠️Important Note
To fully benefit from NuMetric’s Inventory Plus Module, all items (including retail, bundled, and nested products) must be created after the module is activated.
⚠️ Items created before activating the Inventory Plus Module are not stock-managed. This means their inventory movements, cost tracking, and stock levels will not be updated in real-time or reflected in COGS and asset calculations.
To ensure accurate inventory and financial management, activate the Inventory Module first, then proceed to add your products.
NuMetric Logic:
When a user creates an Item (Product for Sale), the system automatically generates two accounts:
- Asset Account: Under "Inventory"
- Expense Account: Under "Cost of Goods Sold" (COGS)
- The user also selects the income account associated with the item's sales.
for more information about Inventory Module please read Inventory
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