Item Code:
Enter a short, unique (but memorable) code for this item. This code will be used to quickly add items to a transaction.
Item Description:
Enter the full description you want to be displayed on the transaction.
Unit Value (price or rate):
This is the price of a single item.
Discount:
Enter the discount as a percentage of the normal unit value.
Tax:
Select the tax rate which applies. If you only see 'None' you may first need to configure the Tax Options (Options from the main window then click the Tax tab).