Items are the goods or services that you deal with in your business.
What is the purpose of adding items in Zoho Books?
Whenever you create transactions (for example, an invoice for your customer), you can select these items that you’ve created and their details will be auto-populated.
You can either directly create an item from the Items module or import them from other systems.
To add items in Zoho Books:
- Go to the Items module in the left sidebar and select Items.
- Click + New in the right side of the page.
- Enter the Type, Name and other details.
|Rate||Rate at which you sell the item to your customers. This rate will be reflected on your sales transactions like invoices, sales orders, etc.|
|Account||Account used to track sales of the item.|
|Description||Add notes related to sales of the item.|
|Rate||Rate at which you buy the item from your vendors. This rate will be reflected on your purchase transactions like bills, purchase orders, etc.|
|Account||The Cost of Goods Sold account is used for tracking the purchase made for items in Zoho Books.|
|Description||Add notes related to purchases of the item.|
To enable inventory for the item:
- Select the box Track Inventory for this item.
- Fill in the required fields.
|Account||Account which tracks the inventory of the item. By default, it is Inventory Asset.|
|Opening Stock||Quantity of the item which you have in hand on the opening balance date.|
|Opening Stock rate per unit||Cost at which you purchased the item for the opening stock.|
You can also associate reporting tags to items in Zoho Books.
- After entering all the required details, click Save.
Fields in red are mandatory, others are optional.
Inventory for Items
In Zoho Books, you can enter an opening stock for your items. Whenever you make sales or purchase transactions for items in Zoho Books, this stock gets auto-calculated accordingly. For example, let’s say you enter the opening stock for item A as 100. Then, you make an invoice for a customer by selling 70 units of Item A . Now, the stock will get reduced to 30 (100-70). You now decide to purchase 100 units of item A from your vendor and create a bill for the same. Now the stock will be increased to 130 (100+30). This is how inventory tracking works in Zoho Books.
To import items into Zoho Books:
- Go to the Items module and select Items.
- Click the Hamburger icon on top of the page and select Import Items.
- Click Choose File and upload a file from your system. You can download a sample file from the same page to verify the format for the import.
- Click Next.
- To overwrite duplicate records in items import, you have to choose a unique field (Item Name, Item ID or SKU) which will be mapped with the equivalent field from the import file. If the values match, then its corresponding fields will be overwritten with the data in the import file.
Note: These fields are case-sensitive and will only be overwritten if the value in field name matches in both the import file and Zoho Books.
Ensure that the fields are mapped correctly in the Map Fields page. Sometimes, you might get an error while importing due to a mismatch. In such a case, verify the mapping of the fields.
- Click Import.