Inventory4 min read
Add and Manage Inventory Items
Create products, set prices, and manage your item catalogue.
Adding a new item
- 1Go to Inventory → Items
- 2Click New Item
- 3Enter the Item Name and select its Type: Product or Service
- 4Set the Unit of Measure (e.g., KG, Piece, Litre)
- 5Enter the Sales Price and Purchase Price
- 6Select the Income Account (used on invoices) and COGS Account (used on GRNs)
- 7Click Save
For items you sell, always set the correct Income Account. This is what drives accurate P&L reporting.
app.navobook.com
Item form: set prices and link to the correct accounts
Checking current stock
Go to Inventory → Stock on Hand to see the current quantity and value of every item. Filter by location or warehouse if needed.
Stock adjustments
If a physical count does not match the system, record a stock adjustment.
- 1Go to Inventory → Stock Adjustments → New Adjustment
- 2Select the items and enter the correct on-hand quantities
- 3NavoBook calculates the difference and records the accounting impact automatically
- 4Click Post
Adjustments affect your Inventory asset account and the Inventory Adjustment expense or income account.
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