This screen is used to add and maintain details relating to Sales Items.
See 'Setting up Sales Item' and 'Creating Sales Invoices' processes for more information.

Enter description of item which will be shown in the drop down lists and on invoices. This is required.

This field may be used to hold a user-defined alpha-numeric code for the record. If you enter a '+' the system will automatically insert the record id for the current item. This record id is guaranteed to be unique in Liberty Accounts - but may not be a consecutive sequence.

This field is useful for entering codes that cross-reference codes in other systems and is also used for the invoice and bill uploads under the Specials menu. Note that the codes are case-sensitive and must match exactly during uploads for an item to be loaded.

Select type of sales item. Examples are services, products, discounts etc. Select from the drop down list. This is required.

If you make supplies that need to appear in a VAT101 (EC Sales List) return the sales item must be classified as a Product as the EC Sales List is only for sales of "Goods" (HMRC VAT Notice 725).

Enter net value per unit of sale for the item.
You determine what the unit of sales is, examples would be £400 per day for consultants, or £20 per widget.
If usually the amount varies, leave as zero, and edit the Net amount when creating an Invoice.
See 'Setting up Sales Item' and 'Creating Sales Invoices' processes for more information.
This is required.

Select a default VAT rate for sales of the item. If you are not sure which rate to set for an item you should consult your accountant. This is required.

Select an account to which sales income for the item should be posted. If you are not sure which account to use you should consult your accountant. This is required.

Check this box if the sales item is no longer required. This will prevent it from appearing in the item list when generating invoices.