Go to create the new Item Group in Localizebook:

1.Go to the Item menu.

2.Click on Item Group.

3.Click on button +Add in the top-right of the page.

4.Enter the basic information of the item group

1. Name: Name of your group item.
2. Is Sub Of: If you select the sub group, the group you select in Is Sub Of is a parent group of your group that you are creating.
3. Memo: Other comments or marks that are related to your item group.
4. Item Type: Select the default type for items in this group (e.g., Stock Part for physical goods you track in inventory, Service for non-physical offerings).
5. Currency: Choose the default currency for the items (e.g., Dollar).
6. Unit Set: Select the default unit of measurement (e.g., N/A, Pcs, Box, Kg).
7. Item Brand: If items in this group are typically from the same brand, you can set a default here.
8. Cost: Enter the default purchase cost for new items.
9. Base Price: Enter the default selling price for new items.
10. Alarm QTY: Set the default low-stock quantity that will trigger an inventory alert.
11. For Purchase / For Sale: Check these boxes to define the item’s default purpose.
12. For Purchase: The item can be bought from suppliers.
13. For Sale: The item can be sold to customers.

5. Configure Account (Default Accounting Links): This section automates your bookkeeping by linking the item group’s financial activities directly to your COA.

1. Asset: Select the default Inventory Asset account. When you purchase items from this group, their value is recorded here.
2. COGS (Cost of Goods Sold): Select the default expense account. When an item from this group is sold, its cost is recorded here.
3. Income Account: Select the default revenue account. When an item from this group is sold, the sale amount is recorded here.

6.After filling all with your information:

1. Save & New: Save the item group and add another one.
2. Save & Close: Save the item group and close the window.
3. Close: Close window without saving the item group.