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Xero For Dummies, 2nd Edition by Heather Smith, Rod Drury

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Chapter 13

Managing Your Inventory Items

In This Chapter

arrow Working out how inventory items can be organised and maintained

arrow Establishing an inventory item within Xero

arrow Organising items in your inventory

arrow Changing inventory values and quantities after stocktake

arrow Finding out about add-on solutions

I worked with a client who ran a galvanising business — customers would send the business their steel for the business to then dip the steel in hot vats of molten zinc to prevent corrosion. If zinc levels in the vats dropped, additional zinc was added to refill the vat. (Sounds a bit like a scene from an action movie, doesn’t it? ‘Ve vill drop you in zee hot vats if you don’t tell us your secrets!’) The galvaniser’s customers retained ownership of the steel, so the value of the steel never needed to be recorded as inventory. The zinc was purchased and melted (and so used by the business), so never sold in the format it was purchased. Xero’s inventory system suited this business perfectly. Zinc was ...

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