You are allowed to turn on inventory tracking for any products at any time, whether creating a new product or updating an existing product.
- Inventory tracking cannot be turned off once it has been turned on.
- Turning on inventory tracking for existing products doesn't affect existing transactionsthat contain the product.
To enable inventory tracking for a product, simply follow the following steps.
- Create a new product / view an existing product that doesn't have inventory tracking turned on.
- Turn on inventory tracking.
- Select an inventory account to keep track of the asset value.
- Make sure the Income Category is selected (You can select Sales Incomecreated by the system).
- Make sure the Cost of Sales Account is selected (You can select Cost of Salescreated by the system).
- Click Save.