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Items and Services

Manage your product catalog and service offerings in the Items module. MyBooks helps you track stock levels and maintain consistent pricing across transactions.

Creating an Item​

  1. Navigate to Master Data > Items.
  2. Click New Item.
  3. Fill in the basic info:
    • Name: Name of the product or service.
    • Type: Choose Goods (Physical products) or Service.
    • SKU/HSN: Use HSN for GST compliance on goods.
  4. Sales Information: Set the selling price and the default account (e.g., Sales).
  5. Purchase Information: Set the cost price and the default expense account.

Inventory Tracking​

To track stock levels for an item:

  1. Enable the Track Inventory toggle in the Item form.
  2. Enter the Opening Stock and Opening Stock Rate.
  3. Set a Reorder Point to get notified when stock is low.

MyBooks will automatically adjust stock levels when you create Invoices (reduces stock) or Bills (increases stock).

Bulk Import​

If you have a large number of items, use the Import feature to upload a CSV or Excel file containing your item list.