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title: "Creating a New Product"
canonical: "https://kb.myframeworks.com.au/space/CO/30509628/Creating%20a%20New%20Product"
format: markdown
---
Adding a New Product To create a new product from the home dashboard, perform the following: Click the  Frameworks Menu , then navigate to  Inventory > Maintenance >   Product Maintenance  from the navigation tree. Click the  New Product  button to create a new product. In the  New Product pop-up  window, enter the required detail to add a new product. Fields marked with an  *  are mandatory when creating a new product. All other fields are optional. Field Description Product ID* Type the product ID number Bar Code Type the bar code Product Type Select the product type from the drop down menu e.g. normal, non-stocked. Product Description* Type the product description. Customer Description Enter a Customer friendly Product description which can be used rather than the Product description above when: ProdCustDescLbl flag is ticked the Customer Friendly Product Description will be used on Labels ProdCustDescTP flag is ticked the Customer Friendly Product Description will be used on the Trade Portal) Product Group* Type the product group.   is available to search from. Refer to  Define Product Groups  for more information on setting up product groups. Product Sub Groups Type the products sub groups.    is available to search from. Unit Of Measure Type the unit of measure.   is available to search from. Length Tally Tick the checkbox to assign the product as a tally product. When ticked, the tally box will be invoked whenever the product is used on a Sale, Purchase Order. Length Validation Tick the checkbox to enforce tally validation when tallies are entered against the Product at POS/SOP, Purchasing. If the tally entered does not match a value defined under Miscellaneous Table Maintenance - System Timber Length Codes,  users will be unable to complete the transaction until a valid length is entered  GST Code Type the GST code.   is available to search from. Settlement Discount Select a settlement discount amount from the drop down if applicable, otherwise leave as default value "No discount". Min GP% You can add a minimum GP% to apply to the product sell price here. Users will be prevented at POS/SOP from selling the product IF the GP% falls below this set value. Round Decimals To Type 2, 3 or 4 for the number of decimal places that you want the sales prices to be rounded to. In a GST-Inc environment, the Unit Sale price is rounded to this number of decimals and then this figure is multiplied by the quantity entered. Retain GP (Up) When ticked, if the cost increases then the system will retain the GP and with the new cost & current GP  calculate the sell. price. Retain GP (Down) When ticked, if the cost decreases then the system will retain the GP and with the new cost & current GP calculate the sell.  Costing Method Select a costing method from the dropdown.  Last Purchase Order This refers to the cost of an item as recorded on the most recent purchase order that has been invoiced by the supplier. Last Receipt This refers to the cost of a product as recorded on the most recent receipt of that product. Market Cost This refers to the cost entered manually instead of being calculated or updated by the system. Preferred Supplier This refers to the cost chosen and set by the supplier as the preferred cost for a product. The  Preferred Supplier  costing method is not available for selection if the  Prevent Supply Price  option is enabled in the  Product Maintenance  >  General Information  tab. When a new product is created, the default costing method is automatically set based on the values specified in  System Settings - General  >  InvCostMethNorm  for normal products or  InvCostMethSpec  for special products. Refer to  Product Costing Methods - Setup and Configuration  for more information.  Market Cost Enter the value for the market cost.  Landed Cost Enter the landed cost -  which is the Supplier cost in a standard cost environment (only editable if InvCstWst is active) Wastage % Enter the wastage %  (only editable if InvCstWst is active) Standard Cost Type the standard cost of the product If the product has a zero cost and is linked to a product group that has an expected GP %, the system will calculate the cost price to achieve the expected GP% Gross Profit % Type the gross profit percentage Unit Sell Type the unit sell price Unit Sell GST Inc Type the unit sell GST Product Information Enter any additional product information here. Click  Save  to add the new product. Once saved, you will be taken to the  Product Maintenance  module. Updated any additional information as required.  Refer to  Product Maintenance  for more information. Additional Information Refer to  Product Import  for information on how to add products en-mass.