How to create a product group (item group)

This article explains how to create product groups in Rackbeat, including VAT rates and inventory withdrawals, to categorize products accurately.

Product groups in Rackbeat are used to categorize your items in the system. This can include physical goods, services, freight, and taxes.

By creating product groups, you gain better control over your inventory movements and tax regulations, as well as whether items can be sold or not.

How to create a product group:

1. Number: enter a unique number for the product group. This number will be used to identify the group within the system. 
2. Name: Give your product group a fitting name. The name can indicate what the group contains, such as "Physical Goods" or "Services".
   
3. VAT-settings: Rackbeat uses four different VAT-zones, that you need to specify for each product group:
   
   • VAT domestic
   • VAT EU
   • VAT abroad
   • VAT domestic (exempt)
   
4. Has inventory: It is important to specify whether the items in this group should have inventory tracking. If a product group includes items such as services that do not require inventory stock, this should be indicated here. Note that you can only change this setting until an item has had a transaction or movement.
   
5. Items in the group can be sold: Choose whether the items in the product group can be sold. This is useful if you, for example, have components used internally in production that should not be sold to customers. 
   
6. Create item group: Click "Creat item group" to complete the creation of your product group.