Definition of a Product
Simply stated, products are things that you sell.
However, Lynx makes a distinction between two different types of products. The difference is whether or not it's a physical item that you maintain an inventory for (like propane) or it's a service you offer that does not involve keeping an inventory (like labor).
In addition, all products are also put into Product Groups. This allows the system to categorize your products for more efficient processing.
The two different product TYPES:
Inventory products are anything you buy and then hold in inventory for later resale. Examples include:
- Propane
- Black pipe
- Flare nuts.
Service products are activities that involve labor or do not involve inventory. Examples include:
- Service labor
- Purging a tank
- Tank rent
- Finance charges.
Different product GROUPS:
