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Service items and non-inventory items have associated costs that directly impact profits from the sale of the item or the product that it is a component of. As circumstances change, so do these costs, which means it’s important to quickly react and use new costs on new sales, assembly, and production documents. To do that, you can specify the default values to use in new documents and journals, which reduces the need for manual updates.
To ensure that item costs are up to date for service and non-inventory items, the default Unit Cost for such items can be updated on the Item and Stockkeeping Unit pages.
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About Item Types (docs)