Items Overview
Stock Table of Contents > Items Overview
In MYOB Accounting Plus terms, the word item is used to describe:
- A physical unit that your company may buy, sell or stock. Such an item can also be built using other items; if it is, it's known in Accounting Plus terms as a finished item. Such an item can also be one of the building blocks for a finished item; if it is, it's known as a component.
- One of your company's services that you'd like to include on item sales layouts. Such an item is often referred to as a service item.
- A physical unit that your company sells (and may or may not buy or stock) that you'd like to include on time billing sales layouts.
In accounting terms, your company's physical items should usually be considered current assets.