The Item tab of the Item dialog is where you enter or edit an item's description and price details. To edit an existing item, click the View menu, select Items, select the item you wish to edit and click Edit. New items can be created in quotes, orders and invoices and then edited with more detail in this way. New items can also be created using the Item dialog by clicking the View menu, selecting Items, and clicking Add in the toolbar.

Item code:

Enter a short, unique (but memorable) code for this item. This will not be displayed on invoices, quotes and orders.

Item description:

Enter the full item description you want to display on invoices, quotes and orders.

Unit selling price (or rate):

This is the selling price for a single unit of the item.

Unit purchase price (or cost):

This is the purchase price or cost for a single unit of the item.

Tax:

Select the tax rate that applies to the item. If the only option you see is 'None,' you need to configure the Tax Options first (click the Options icon from the main window, then click the Tax tab).

Income account:

If you have multiple entries in the income statement, select the account here. Default is General Sales. This then will be subtotaled in the Accounting Report.

Expense account:

If you have multiple entries in the income statement select the account here. Default is General Products Purchased. This then will be subtotaled in the Accounting Report.