How to Create a New Product in Finale Inventory

TL;DR

Learn how to create and track products in Finale Inventory management, including adding product details, tracking inventory valuation, setting up suppliers, and establishing selling prices.

Transcript

thank you for watching this Ledger guru's video on finale Inventory management this video will cover how to create a new product inside finale inventory in order to start the process of adding a new product you're either going to click here on the home screen of where it says products or you'll come up here to where it says inventory and click on p... Read More

Key Insights

• 👣 Finale Inventory offers a comprehensive solution for inventory management, including the ability to create and track products efficiently.
• 👤 Users have the option to customize columns and filter products based on specific criteria to improve visibility.
• 👻 The software allows for both manual data entry and bulk importing of products.
• 👣 Various attributes can be tracked for each product, including description, category, unit of measure, and purchasing details.
• 🇨🇷 The system calculates the average cost of products based on purchase orders but also allows for specifying a standard accounting cost.
• 🥺 Users can set up preferred suppliers and record supplier-specific information like SKU numbers and lead times.
• 😫 Finale Inventory provides options for setting standard selling prices, although it's important to note that pricing may be managed through external channels for most users.
• 😫 The software allows for custom fields to be set up to track additional information about products.

Questions & Answers

Q: How do I access the product listing screen in Finale Inventory?

To access the product listing screen, click on "Products" on the home screen or go to "Inventory" and select "Products".

Q: Can I import products in bulk instead of adding them one by one?

Yes, you can bulk import products, but the process is covered in a separate video. This tutorial focuses on creating one product at a time.

Q: What attributes can be tracked for each product?

In addition to required fields like product ID, you can track attributes such as description, category, unit of measure, packing details, and bin location.

Q: How can I set up suppliers and track purchasing information?

Finale Inventory allows you to set preferred suppliers and record information like SKU numbers, lead times, and prices for each supplier.

Summary & Key Takeaways

• This video tutorial guides users on creating new products in Finale Inventory management.

• It explains how to navigate the product listing screen and customize columns.

• The tutorial also provides an overview of the attributes that can be tracked for each product.