--- title: COMPANY SETTINGS - Inventory description: Establish default Inventory settings and preferences --- [Skip to content](https://cs.geminilogic.com/en/manual/company-settings-inventory#main-content) English Show submenu for translations [New Ticket](https://cs.geminilogic.com/en/manual/kb-tickets/new?hsLang=en) [Customer portal](https://cs.geminilogic.com/tickets-view?hsLang=en) ![Gemini-Logic-Logo (1).png\]](https://cs.geminilogic.com/hs-fs/hubfs/Gemini-Logic-Logo%20(1).png?height=40&name=Gemini-Logic-Logo%20(1).png) - Home - Products - Pricing - Blog - Company Open main navigation Close main navigation - Home - Products - Pricing - Blog - Company - English Show submenu for translations - [New Ticket](https://cs.geminilogic.com/en/manual/kb-tickets/new) - [Customer portal](https://cs.geminilogic.com/tickets-view) - [Go to Gemini Logic](https://www.geminilogic.com/) [Go to Gemini Logic](https://www.geminilogic.com/) Search the User Manual - There are no suggestions because the search field is empty. 1. 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[Spire User Manual - Company Settings](https://cs.geminilogic.com/en/manual/spire-user-manual-company-settings?hsLang=en) # COMPANY SETTINGS - Inventory ## Establish default Inventory settings and preferences ### ![InventoryIconV3.11](https://cs.geminilogic.com/hs-fs/hubfs/InventoryIconV3.11.png?width=50&height=52&name=InventoryIconV3.11.png) - **Warehouse** - **![CheckBoxCheckedBlue](https://cs.geminilogic.com/hs-fs/hubfs/CheckBoxCheckedBlue.png?width=16&height=16&name=CheckBoxCheckedBlue.png) Multiple warehouses** - activates the use of tracking different inventory items with option of having different costs and selling prices, and at different locations with the ability to run inventory, purchase and sales analysis reports on each warehouse separately![CompanySettingsInventory](https://cs.geminilogic.com/hs-fs/hubfs/CompanySettingsInventory.png?width=622&height=532&name=CompanySettingsInventory.png) - **Receiving / Transfers** - **![CheckBoxCheckedBlue](https://cs.geminilogic.com/hs-fs/hubfs/CheckBoxCheckedBlue.png?width=16&height=16&name=CheckBoxCheckedBlue.png) Post Adjustments to G/L** - when inventory adjustments or warehouse transfers are performed, a transaction will be posted to the General Ledger - assign the **Default Adjustment Account** that the adjustments will be captured in - **Transfer Markup Account** - when using the markup feature to increase the cost when transferring Inventory from one warehouse to another - **Default Markup Percentage**for creating a new Inventory Item, when the cost is input, the selling price will calculate based on this percentage - this can be changed at the time of entering the new Inventory item - **![CheckBoxCheckedBlue](https://cs.geminilogic.com/hs-fs/hubfs/CheckBoxCheckedBlue.png?width=16&height=16&name=CheckBoxCheckedBlue.png) Save landed costs** - values for **Duty** / **Freight** entered on a Purchase Order line will be saved for that Inventory item to populate all future Purchase Orders - **![CheckBoxCheckedBlue](https://cs.geminilogic.com/hs-fs/hubfs/CheckBoxCheckedBlue.png?width=16&height=16&name=CheckBoxCheckedBlue.png) Update current cost from adjustment** will update the Current Cost in the Inventory details when using the ‘Adjust’ utility - **![CheckBoxCheckedBlue](https://cs.geminilogic.com/hs-fs/hubfs/CheckBoxCheckedBlue.png?width=16&height=16&name=CheckBoxCheckedBlue.png) Update current cost from transfer** will update the Current Cost in the Inventory details when using the ‘Transfer’ utility - **Serialized Inventory** - **![CheckBoxCheckedBlue](https://cs.geminilogic.com/hs-fs/hubfs/CheckBoxCheckedBlue.png?width=16&height=16&name=CheckBoxCheckedBlue.png) Use Serialized Inventory** activates identification at Item level - **![CheckBoxCheckedBlue](https://cs.geminilogic.com/hs-fs/hubfs/CheckBoxCheckedBlue.png?width=16&height=16&name=CheckBoxCheckedBlue.png) Serialized Upon receipt** allows assigning the Serial Number to the Inventory item when it is received, as opposed to when it is sold - **![CheckBoxCheckedBlue](https://cs.geminilogic.com/hs-fs/hubfs/CheckBoxCheckedBlue.png?width=16&height=16&name=CheckBoxCheckedBlue.png) Use serial / lot number costing** - will assign a cost for each serial number as it is received at, whereby when the serial number is selected in a Sales Order, the related cost will be used for Cost of Goods Sold / Inventory - **![CheckBoxCheckedBlue](https://cs.geminilogic.com/hs-fs/hubfs/CheckBoxCheckedBlue.png?width=16&height=16&name=CheckBoxCheckedBlue.png) Use serial / lot number selling** - will assign a selling price for each serial number as it is received, whereby when the serial number is selected in a Sales Order, the related selling will be used               ![](https://cs.geminilogic.com/hs-fs/hubfs/image-png-Aug-19-2022-05-18-17-17-PM.png?width=407&height=331&name=image-png-Aug-19-2022-05-18-17-17-PM.png)   - **Miscellaneous** - **Cost Method** - **Average** - uses the weighted cost of goods in stock to book Cost of Goods Sold - **FIFO** - uses the First In First Out cost to book Cost of Goods Sold - **Default Stock UOM** - for setting up new Inventory items - **Quantity multiplier** - establish the character to be used as a multiplier in scanning inventory items (ie: \*)                   ![ScanWMultiplier-1](https://cs.geminilogic.com/hs-fs/hubfs/ScanWMultiplier-1.png?width=224&height=74&name=ScanWMultiplier-1.png) - - **Weight Units** - choose from system options: ![CompanySettingsInventoryWeightUnitsMenu](https://cs.geminilogic.com/hs-fs/hubfs/CompanySettingsInventoryWeightUnitsMenu.png?width=558&height=132&name=CompanySettingsInventoryWeightUnitsMenu.png) - **![CheckBoxCheckedBlue](https://cs.geminilogic.com/hs-fs/hubfs/CheckBoxCheckedBlue.png?width=16&height=16&name=CheckBoxCheckedBlue.png) Prohibit overshipping** - disallows selling more product than what is in stock - **![CheckBoxCheckedBlue](https://cs.geminilogic.com/hs-fs/hubfs/CheckBoxCheckedBlue.png?width=16&height=16&name=CheckBoxCheckedBlue.png) Enforce Product Codes** for setting up new Inventory items, the Product Code must be selected in order to save - [Spire Systems - General Knowledge Base](https://cs.geminilogic.com/en/manual/spire-systems-general-knowledge-base?hsLang=en#main-content) - [Tips and Tricks](https://cs.geminilogic.com/en/manual/spire-systems-general-knowledge-base?hsLang=en#tips-and-tricks) - [Spire Administration - General Ledger](https://cs.geminilogic.com/en/manual/spire-systems-general-knowledge-base?hsLang=en#spire-administration-general-ledger) - [Spire Administration - Sales](https://cs.geminilogic.com/en/manual/spire-systems-general-knowledge-base?hsLang=en#spire-administration-sales) - [Spire Administration - Inventory](https://cs.geminilogic.com/en/manual/spire-systems-general-knowledge-base?hsLang=en#spire-administration-inventory) - [Analytics for Spire](https://cs.geminilogic.com/en/manual/analytics-for-spire?hsLang=en) - [Spire User Manual - System Overview](https://cs.geminilogic.com/en/manual/spire-user-manual-system-overview?hsLang=en) - [Spire User Manual - User Settings](https://cs.geminilogic.com/en/manual/spire-user-manual-user-settings?hsLang=en) - [Spire User Manual - Vendors](https://cs.geminilogic.com/en/manual/spire-user-manual-vendors?hsLang=en) - [Spire User Manual - Inventory](https://cs.geminilogic.com/en/manual/spire-user-manual-inventory?hsLang=en#main-content) - [Pricing](https://cs.geminilogic.com/en/manual/spire-user-manual-inventory?hsLang=en#pricing) - [Spire User Manual - Price Matrix](https://cs.geminilogic.com/en/manual/spire-user-manual-price-matrix?hsLang=en) - [Spire User Manual - Purchase Orders](https://cs.geminilogic.com/en/manual/spire-user-manual-purchase-orders?hsLang=en) - [Spire User Manual - Sales Orders](https://cs.geminilogic.com/en/manual/spire-user-manual-sales-orders?hsLang=en) - [Spire User Manual - Keyboard Shortcuts](https://cs.geminilogic.com/en/manual/spire-user-manual-keyboard-shortcuts?hsLang=en) - [Spire User Manual - Company Settings](https://cs.geminilogic.com/en/manual/spire-user-manual-company-settings?hsLang=en) - [Spire User Manual - New Instal/Company Setup](https://cs.geminilogic.com/en/manual/spire-user-manual-new-instal-company-setup?hsLang=en) - [Spire User Manual - General Ledger](https://cs.geminilogic.com/en/manual/spire-user-manual-general-ledger?hsLang=en) - [Spire User Manual - Accounts Receivable](https://cs.geminilogic.com/en/manual/spire-user-manual-accounts-receivable?hsLang=en) - [Spire User Manual - 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