Example of item type usage

A hardware superstore buys and sells large quantities of hammers. They have defined the hammers as inventory items to track inventory quantities and costs.

The hardware superstore does not buy or sell ice picks as often as hammers, so ice picks are set up as a non-stock item. They are not tracked for cost and quantity.

All computers are classified as special order items because they are purchased infrequently.

Copy machine repair requires that the superstore hire a repairman. This order is classified as a service item.

You can use Project Ledger to track activities for inventory type items upon receipt or issue of the items in Inventory Control. Activities are not attached to inventory accounts. For more information about activity tracking, see the Project Ledger User Guide.