7 Product Types
From TrueERP wiki
Product Types
Can you explain the difference between the product types?
Inventory Part - a physical product that has its amount tracked as inventory (it HAS a Cost of Goods Sold, ATTRACTS Income directly or indirectly, and IS considered as an Asset)
Non-Inventory Part - a product that has a buying cost but doesn't have its amount tracked. (it HAS a Cost of Goods Sold, ATTRACTS Income directly or indirectly, but it IS NOT considered an Asset) eg. Labour
Other Type - a product that doesn't have a specific buying cost associated with it, but it is sold. (it DOESN'T have Cost of Goods Sold, it IS NOT considered an Asset, but MAY attract Income)
