Products you buy are physical goods your business purchases for use, resale, or operations. In NuMetric, these items are tracked through your inventory and linked to specific expense accounts, helping streamline procurement, costing, and financial reporting.
Sample Product You Buy Options:
Packaging Materials – Boxes, jars, or labels used in production or delivery.
Office Supplies – Stationery, ink, paper, or other recurring admin purchases.
Raw Materials – Base ingredients or parts for manufacturing or assembly.
Retail Stock – Finished goods bought for resale to customers.
Step by Step:
1. Navigate to Inventory
2. Click Item.
3. Click Create Item, then select Add Item.
4. Enter the Item Name in the designated field.
5. Provide a clear Description of the product.
6. Set the Item Type to Product.
7. Choose No when asked if the product is sold.
8. Under Account, select the appropriate Expense Account related to this product.
9. Choose or create the Item Category.
To add a new category, simply type the name in the field and press Enter to save.
10. Select the appropriate Unit of Measure (e.g., piece, pack, kg).
11. Enter the Purchase Price for the product.
Purchase Price: is a guide number. you can change on every bill each time you add this line item.
12. If applicable, select the Sales Tax – on Purchases; otherwise, leave it blank.
13. Click Save to create the item and finalize the setup.
