How to create a Never Diminishing Product
FollowFor products that do not hold physical stock and therefore do not require the management of any inventory, set it as a Never Diminishing type. The product will then allow you to setup default descriptions, costs and sell prices for auto-population in future transactions, without impacting your stock on hand quantities or values.
Create a new product as Never Diminishing
- From the main menu, select the Inventory, Products and click on Add Product.
- Provide a Product Code and Description for the service or charge being added.
- In the Type section, under the Details tab, enable the Never Diminishing option by clicking on the toggle (to green).
- Click Save in the product record and the product will be saved without any requirement for inventory or stock on hand.
For more details, see Never Diminishing Products
Additional Information:
If integrated with an accounting provider, Purchase Account and Expense Account drop down fields will become available in the Details tab.
- The Purchase Account allocated will be updated when the Never Diminishing Product (NDP) is included on a completed Purchase Order.
- The Expense Account allocated will be updated when an NDP is included as a component on an Assembly or sold on a Sales Order.
- If the NDP is included on a Bill of Materials (BOM), you can allocate an Expense Account for the specific BOM that will override the product's allocated Expense Account.