Stock items are traditional inventory items, which are tracked for quantities, average costs, vendors, low stock points, and so on. Once an item is assigned a stock class, it cannot be changed.
G/L Sales/Inc: Enter the default income account that will be credited when you sell stock items.
G/L Invtry/Wage: Enter the default inventory account that will be debited when you purchase stock items and credited when you sell stock items.
G/L Cost Sales: Enter the default cost of sales account that will be debited when you sell stock items.
Costing: Enter the default costing method used for all stock items. To ensure accurate costing, we highly recommend that you use the same costing method for each stock item and assembly item.