8 Inventory: products, services and price books
To manage the sales process via vtenext, first you must define the products/services catalogue, then the specific price books and product lines. These actions make it possible to manage diversified sales activities, customer types that require price diversification, and the vendors purchasing cycle.
As for the other vtenext modules, to create a product simply click on the
icon in the module.
![8 [1].png](https://usermanual.vtenext.com/uploads/images/gallery/2022-06/8-1.png)
Key fields:
|
Product Name |
Name of product |
|
Product Code |
This value appears in Quotes, Sales Orders, Invoices and Delivery Notes |
|
Vendor |
Allows the product vendor record to be linked |
|
Product active |
If active, the product is available for sale (this means that inactive products cannot be entered in quotes, orders, etc.) |
|
Unit Price |
Unit sale price, proposed in the quote, order, etc. |
|
Unit Cost |
Purchase cost |
|
Quantity in Stock |
Quantity in stock; this value is decreased on creation of an Invoice and increased on creation of a Purchase Order (in Status = Shipment Received) |
|
Reorder Level |
Quantity threshold for reorder |
In Pricing Information you can also enter tax and tax percentage, these parameters however requiring an administrator side setting.
- Taxes are defined in Settings > Tax calculation
- Currencies must be defined in Settings > Currency
