Asset Item

An Item is a product or a service offered by your company.

The term Item is also applicable to raw materials or components of products yet to be produced (before they can be sold to customers). ERPNext allows you to manage all sorts of items like raw-materials, sub-assemblies, finished goods, item variants, and service items.

ERPNext is optimized for itemized management of your sales and purchase. If you are in services, you can create an Item for each service that you offer. Completing the Item Master is very essential for the successful implementation of ERPNext.

To access the Item list, go to: > Home > Stock > Items and Pricing > Item

How to create an Item

1. Go to the Item list, click on .
2. Enter an Item Code, the name will be auto-filled the same as Item Code on clicking inside the Item Name field.
3. Select an Item Group.
4. Enter the opening stock units and standard selling rate.
5. Save.

Item Properties

1. Item Name: Item name is the actual name of your product or service.
2. Item Code: Item Code is a short-form to denote your Item.
3. Item Group: Select "Fixed Assets"
4. Default Unit of Measure: This is the default measuring unit that you will use for your product. It could be Nos, Kgs, Meters, etc. You can store all the UOMs that your product will require under Set Up> Master Data > UOM. These can be preselected while filling New Item by using % sign to get a pop up of the UOM list.
5. Purchase Date : Please enter the purchase date.

Options when creating an item

1. Disabled: If you disable an Item, it cannot be selected in any transaction.
2. Is Fixed Asset: Tick this checkbox if this item is a company Asset. Check out the Asset Module to know more.
3. Asset Category : Asset Category: Select the category of the asset, such as PC, Monitor, Mouse, Table, etc. (View all categories here.)
4. Auto Create Assets on Purchase: If Item is a Company Asset, tick this checkbox if you want to auto create assets while purchasing this item through Purchase Cycle. Check out the Asset Page to know more.
5. Item Description : Enter the brand, model, serial number, accessories, and a description of the item.

Related Topic : Asset Management