Saving Tax

Xero Tips – Inventory Items

By January 24th, 2017 No Comments

Hard copy paper invoicesMany businesses sell or provide the same goods or services over and over again, and yet when raising invoices, they insist on re-creating the description each time.

Adding a new item within the inventory items section of Xero means that you only need to enter in the good/service once.

You can even allocate the good/service to a particular code in Xero, and also put the price for the service.

If the price varies from job to job then this is also fine – the Inventory Items section is there to help you speed up the process of raising an invoice! You can find Inventory Items in the Settings section of Xero, under Features.

Once the Inventory item is saved in Xero, when you come to raise your next Sales invoice, you will see next to the Description column, one called ‘Item’.

From here, you can select the relevant good or service from the drop-down list.

Once selected, you will see that Xero automatically populates the rest of the invoice line with the saved data, and voila!

There you have it, a simple yet effective way of speeding up invoice-raising within Xero.

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