1. How to set-up item groups and define warehouses.

SAP Business One offers its users the ability to manage all the items that are
purchased, manufactured, sold or kept in stock. The user must enter the data for each
item that is applicable to a particular area in the system which are then automatically
used for purchasing, sales, production, managing warehouse and accounting.
Through setting up item groups warehouses, the user has complete control over the
stocks and they can also analyze the financial aspects of stockholding.

2. What is the difference between managing items by serial numbers and

managing items by batch?
Managing items by serial numbers means that a serial number is set up for the
stock which is mostly used by items that are high in value or items that need to be
tracked for repair or security reasons. Serial numbers are helpful with tracking the
items to the level of each individual object recorded. On the other hand, managing
items by batch means that items are organized by means of groups which have
common characteristics. These characteristics may be dates such as expiration dates
and manufacturing date and color or shade.

3. How is transferring goods using goods issue, goods receipt and inventory
transfer done in SAP Business One?
For transferring goods using goods issue, the first step is to select Inventory,
Inventory Transactions and Goods Issue. Then, On the Item No. field, click the
selection list (picker’s list) button and select A00001. Next, input ‘5’ on the Quantity
field and in the Remarks field, put ‘Warehouse theft’ and lastly, select add. In
transferring goods using goods receipt, first, go to Inventory, then Inventory
Transactions and Goods Receipt. On the Item No. field, click the selection list (picker’s
list) button, then select A00001, next, Input ‘2’ on the Quantity field and likewise, in
the Remarks field, put ‘Freebies from Suppliers’ and click Add. Lastly, when doing
inventory transfer, go to Inventory, then Inventory Transactions and Inventory
Transfer. Next, input the following information such as Item No: A00001 To
Warehouse: 01 From Warehouse: 02 Quantity: 5 and lastly, click Add.
4. Identify and differentiate the types of discount that can be given to customers
as set up in SAP Business One.
Discounts in SAP Business One that are granted to customers are found in
Business Groups. One of the types of discounts is the highest discount wherein the
property with the highest discount will determine the overall discount calculated for the
item as well as with the Lowest Discount and the Average Discount. Discount Tools
is a tool that helps add together all discounts of the properties that apply to the item.
The total (up to 100%) is used as the discount.

5. How to create new price lists and new discounts done in SAP Business One?
To create new price lists and new discounts in SAP Business One, firstly, go to
Inventory, and then, Pricelists, and then select Period and Volume Discounts. Whilst
to add new discounts, first, go to Inventory, then Price Lists and select Discount
Groups.