How to Create & Add Products?
1. To create/add a new product, first, click "Inventory" at the dropdown menu.
![](/web/image/2906-8a1d1285/products%20%281%29.png?access_token=f6c4e7b8-4bb1-4942-8c3e-37f31d2a89fa)
2. At Inventory, click "Products" from the top menu bar, then proceed to click "Products" from the dropdown menu.
![](/web/image/2907-ff7831f6/products%20%282%29.png?access_token=5e60c327-4e42-43bf-8c62-5cf24171636a)
3. Upon reaching the Products page, click "Create".
![](/web/image/2908-edd5121e/products%20%283%29.png?access_token=f2444fe1-6a0b-4537-9aaa-ec32589406e5)
4. After clicking "Create", a new product form will be shown to you. Proceed to fill in the necessary information that is related to the product.
![](/web/image/2909-b929ed16/products%20%284%29.png?access_token=764ba1b9-63d3-4d18-ab40-d18e61b7b24e)
5. At the General Information tab, the Product Type and Product Category are highly advised to be configured according to your own business needs.
![](/web/image/2910-832e4878/products%20%285%29.png?access_token=d62422f0-8ac2-481c-b895-230a283ebdaa)
6. To configure the Product Category, click on the "Edit" icon. After clicking, the Product Category window will be shown to you. Proceed to fill in the necessary information.
![](/web/image/2911-b75b56e8/products%20%286a%29.png?access_token=9880cbd5-a845-4ae0-8f1d-c1b3ceedf851)
7. At the Product Category window, you will be able to configure the Costing Method and Inventory Valuation.
Costing Method:
Standard Price - The products are valued at their standard cost defined on the product.
*First In First Out (FIFO) - The products are valued at weighted average cost.
Average Cost (AVCO) - The products are valued supposing those that enter the company first will also leave it first.
*Recommended settings
Inventory Valuation:
Manual - The accounting entries to value the inventory are not posted automatically.
*Automatic - An accounting entry is automatically created to value the inventory when a product enters or leaves the company.
*Recommended settings