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How to Create a New Product

Introduction #

Creating and managing products and services is essential for maintaining an accurate inventory and facilitating smooth business operations. This article provides a step-by-step guide on how to create a new product in the Cosmic ERP Products module.

Prerequisites #

Before creating a product, ensure that the following prerequisites are met:

  • Category
  • Tax
  • Unit

Steps to Create a New Product #

  1. Login to Cosmic ERP
    • Enter your credentials and click on the login button.
  2. Navigate to Products System
    • Once logged in, locate and click on the Products System from the main menu.
  3. Access Product & Services
    • In the Products System, find and click on the ‘Product & Services’ option.
  4. Initiate Product Creation
    • Click on the ‘create’ button (typically represented by a ‘+’ icon).
  5. Enter Product Details
    • Name: Enter the name of the product.
    • SKU: Enter the Stock Keeping Unit (SKU) for the product.
    • Sale Price: Enter the sale price of the product.
    • Income Account: Select the income account from the dropdown menu.
    • Purchase Price: Enter the purchase price of the product.
    • Expense Account: Select the expense account from the dropdown menu.
    • Tax: Enter the applicable tax rate.
    • Category: Select the product category.
    • Unit: Select the unit of measurement.
    • Product Image: Choose a file to upload a product image.
    • Type: Select ‘product’ as the type.
    • Quantity: Enter the quantity of the product.
    • Description: Enter a detailed description of the product.
  6. Create the Product
    • Once all the necessary information is entered, click on the ‘create’ button to save the new product.

Conclusion #

Creating a new product in the Cosmic ERP Products module is a straightforward process that helps you manage your product inventory efficiently. Following these steps ensures that all essential product details are captured accurately.

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