How to Add an Item?

To add a new item in Wafeq, follow these steps:

1. From the main menu, click on "Products & Services".

2. Then, select "Items".

3. Click the "Add" button.

4. Enter the required details such as:

Product Details:

Basic Information:

• Status: This field determines whether the item is active and can be used in invoices and transactions.

• Name of product or service: Enter a clear and descriptive name to distinguish the item across all documents.

• Inventory Tracking: Use this option to specify whether the item needs to be tracked or not.

Item Details:

• Item Code: Enter a unique code to identify the item.

• Unit of Measure: Choose the unit that represents how the item is sold or stored (e.g., Piece, Kilogram, Box).

• Description: Add a description for the item (optional).

Selling Details:

• Selling Price: Set the default price that will automatically appear when creating a sales invoice.

• Revenue Account: Choose the account where the income from the sale of this item will be recorded.

• Sales Tax Rate: Set the applicable tax rate when selling the item.

Purchasing Details:

• Purchase Cost: Enter the usual purchase price you pay to the supplier for this item, which will automatically appear in purchase invoices.

• Expense Account: Select the account to record the cost of the item or related expenses.

• Purchase Tax Rate: Set the applicable tax rate when purchasing the item.

5. Click "Save" to add the item to the system.

This will successfully create and add the item to your Wafeq system, and it will be available for use in sales, purchases, and inventory tracking.