INVENTORY ITEM

First open a peach tree and click on maintain button and select the option of inventory item :

Then this window will appear:

In this we fill the information about item :

In item ID :  Enter an ID of up to 20 numerically characters or alphabetically .                                

 description : descriptions of item that can be used in sales or purchase transactions. 

item class according to item .

In general :the following information about item in which we tell thee

price level : we fill the price level of inventory item 

,item tax type ,last unit cost ,

cost method :in this select the cost method from FIFO LIFO and average 

,item type :in this tell about type of item ,

location : in this we fill where the inventory is placed in store room.

 unit/measure ,and select the GL sales account ,GL inventory account , buyer ID etc .

In Custom fields can used to enter extra information about customers and vendors.

History : in this the history and records of transaction. It tells how many things sale and purchase.