Stock: Differences between item group & item type

Question: What are the differences between item group & item type?

Version: 1.8 / 1.9 / 2.0

Answer:

Item Group:

Stock items can be classified according to Item Groups, it is useful for report filtering purpose. Besides, different item groups can post to different G/L Account. For example, Item A under Group A can be posted to Sale Account A, while Item B under Group B can be posted to Sale Account B.

Go to Stock > Stock Group Maintenance. Here, you may maintain item group and its posting setting of default accounts.

Item Type:

Stock items can be classified according to Item Types, this is merely for report filtering purpose. For example, Item A is under Canned Food type, and Item B is under Fruit type.

Go to Stock > Stock Item Type Maintenance to maintain your item type.