Inventory in Tyms: items, stock and production

Where to find it

Go to Inventory → Items. Three tabs sit at the top of the page:

Tab	What it holds
Inventory items	Products you buy and sell, and raw materials you use to make things.
Composite items	Products you make from other items, with their bill of materials.
Production orders	Each production run that turns raw materials into finished products.

Inventory → Adjustments is where you correct stock counts and values.

What happens	Stock	In your books
Opening stock when you add an item	Goes up	Inventory account goes up.
Restock (a bill for the item)	Goes up	Inventory goes up, and you owe the vendor.
Sale (an invoice for the item)	Goes down	Revenue is recorded, and the item's cost moves to Cost of goods sold.
Production order	Raw materials go down, and finished goods go up	Cost moves from raw materials to the finished product.
Adjustment	Up or down	The difference goes to the cost account you choose.

Each item uses three accounts, which Tyms fills in for you:

Revenue account: where its sales are recorded, e.g. Sales revenue.
Inventory account: where the value of the stock you hold sits, e.g. Inventory.
Cost of goods sold account: where its cost goes when you sell it.

Change them on the item if you report some products separately.