Add Item
An item refers to a product or service that a business sells, purchases, or manages within its inventory.
Adding an item in eTIMS ensures that it is available for transactions, inventory management, and tax reporting purposes.
Why Add an Item in eTIMS?
- Enable Transactions
Ensure the item is available for invoicing and purchasing processes. - Streamline Inventory Management
Track stock levels, movements, and adjustments accurately. - Ensure Compliance
Properly record taxable goods and services in compliance with Kenya Revenue Authority (KRA) regulations. - Facilitate Reporting
Provide accurate data for sales, purchases, and inventory reports.
Best Practices for Adding an Item
- Use Descriptive and Consistent Names
Ensure item names are clear and standardized to avoid confusion. - Assign Unique Codes
Use unique item codes to streamline searches and prevent duplication. - Categorize Accurately
Place items in the correct category to simplify reporting and analysis. - Review Tax Details
Verify the correct tax rate is applied to ensure compliance with KRA regulations. - Update Inventory Regularly
Maintain accurate stock levels to reflect changes due to sales, purchases, or adjustments.
Why Add an Item?
Adding an item in eTIMS via Slade360 eTIMS APIs is a vital step for businesses to effectively manage inventory, streamline operations, and maintain compliance with tax regulations.
By adhering to best practices, businesses can ensure accurate item tracking and efficient transaction processing.
Updated 4 months ago