Veepan
  • Veepan User Guide
  • Getting Started
  • Registration
    • Creating your Account
    • Activating Account
    • Basic Setup
  • Fundamentals
    • Invoicing
      • Create Invoice
      • Edit Invoice
      • Download Invoice
      • Record Payment for Invoice
      • Add QR Code to Invoice
      • Create Purchase Invoice
      • Create non-GST Bill / Simple bill
    • Inventory
      • Add Product
      • Edit Product
      • Importing Inventory
      • Generate Barcode
    • Services
      • Add Service
      • Edit Service
    • Sales
      • Create Sales Entry
      • Edit Sale
      • Record Payment
      • Create Invoice for Sale
    • Subscriptions
      • Create Subscription Plan
      • Create Subscription
      • Record Payment for Subscription
      • Create Invoice for Subscription
    • Purchases
      • Create Purchase Entry
      • Edit Purchase
      • Record Payment
    • Accounting
      • Balance Sheet
      • Income Summary
    • GST Filing
      • GSTR1 Json data
      • GSTR1 Filing
    • Customer
      • Add Customer
      • Edit Customer
    • Vendor
      • Add Vendor
      • Edit Vendor
    • Manage Expenses
      • Add Expense
    • Manage Assets
      • Add Asset
    • Chartered Accountant
      • Add Accountant to Business
      • Access Client Business Invoices
  • Use Cases
    • For Consultancy Firm
      • 1. Basic Setting for Consultancy
      • 2. Create Consulting Services Entry
      • 3. Create Consultants Entry
      • 4. Create Sales Entry for Consulting
      • 5. Create Invoice for Consultancy Sales
      • 6. Record Payment for Consultancy Sales
      • Create Service Tasks
      • Assign a Consultant to each Consulting Service
      • Payment to Consultant
    • For Gym Management
      • 1. Create Subscription Plan for Gym
      • 2. Create Subscription for new gym member
      • 3. Record Payment for Gym Subscription
      • 4. Create Invoice for Gym Subscription
      • Mark Attendance for Gym Member
      • Enquiry Entries for the Gym
    • For Automobile Service Center
      • 1. Basic Setting for Automobile Services
      • 2. Add Stocks for Automobile
      • 3. Create Purchase Entry for Automobile Products
      • 4. Create Sales Entry for Automobile
      • 5. Create Invoice for Automobile Sales
    • For Diagnostic Center
      • 1. Basic Setting for Diagnostic
      • 2. Create Diagnostic Tests Entry
      • 3. Create Sales Entry for Diagnostic
      • 4. Create Invoice for Diagnostic Sales
      • 5. Record Payment for Diagnostic Sales
  • Become Partner
    • For Sales Partner
      • 1. Create Account
      • 2. Send Approval Request
      • 3. How to Refer
      • 4. Track all Referrals
  • Extras
    • Keyboard Shortcuts
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On this page
  1. Fundamentals
  2. Inventory

Add Product

Add product to your inventory and keep your stocks updated.

PreviousInventoryNextEdit Product

Last updated 2 years ago

Steps to add a product

  1. Go to Left Menu -> Inventory

  2. At top App Bar, click on Add icon, and select Item.

  3. New Item page is created, add item details, such as,

    • Product Name - Enter the name of the product.

    • Brand - Enter the brand, if any.

    • Buy or Make - Select

      1. Buy - if the product is purchased from vendor.

      2. Make - if the product is made by the business.

    • Description - Describe more about the product.

    • HSN Code - Enter the HSN code.

    • Reorder Quantity - It tells the inventory when the product is getting low in quantity and based on this number, it notifies to the business.

      For example, if it is set to "10", as soon as the quantity of the product reaches below 10, the system will notify to the business that the product is low in quantity and has to be reordered.

    • Unit - Enter the unit of the product, e.g. Kg, Litre, etc.

    • Price Inclusive of Tax

      1. Selected - If it is selected, the price will include taxes. E.g. if Selling Price is set to 100 @ 10% tax, the MRP will be 100 itself.

      2. Not Selected - If it is not selected, the price will not include taxes. E.g. if Selling Price is set to 100 @ 10% tax, the MRP will be 110.

    • Selling Price - Enter the selling price that will be used to prepare sales or invoices.

    • Purchase Cost - Enter the purchase price that will be used to prepare purchases.

    • Tax - Enter the GST, CESS or VAT, if applicable.

  4. Click on Create Item button.

The item is successfully created and it will be reflected in the Inventory.

Setting the Price - There are 2 ways to define a product price

  1. Inclusive of Tax: True - Suppose, the price is set to 100 @ 10 % Tax, the MRP will remain 100 itself.

  2. Inclusive of Tax: False - Suppose, the price is set to 100 @ 10% Tax, the MRP will be 100 + 10 = 110.

Veepan gives both ways to define the price.

Reorder Quantity of a product tells if inventory is low. And we can purchase the product before it is out of stock.

How to Create Product / Item Entry using Veepan ERP