This guide outlines the key product fields in LightSpeed and explains their significance for product setup and inventory management.
Product Fields
| Field | Description |
| Name | This name will appear on receipts, invoices, in reports, inventory management, and on the Sell screen. Use the format [Brand] [Product title] / [Sales Channel] / [Size]. |
| Brand | Select a brand from the dropdown, or use "Search all brands" to add a new brand if needed. |
| Description | Details of the product, key selling points for your staff, or care instructions for fragile items. |
| Tags | Assign tags for filtering, reporting, promotions, or stocktakes. |
| Product Category: | Categorises the product |
| Sell on Point-of-Sale: | Check this box to make the product available for sale. |
| Product Type | Under Inventory, select whether your product is a standard product, variant product, or composite product. See Understanding Product Types in LightSpeed. |
| SKU Code: | The SKU is the unique identifier for a product's stock item. It can be a code you create yourself or an existing product code, like a barcode. In the SKU code type dropdown, select:
You can add multiple codes by clicking "+ Add another code." |
| Supplier: | Select an existing supplier or add a new one. |
| Supplier Code: | If the supplier requires a code to identify the product for purchase orders, enter it in the Supplier code box. |
| Supplier Price: | Enter the price you pay per unit. It’s recommended to enter this before adding inventory for accurate COGS calculations. |
| Multiple Suppliers | You can add additional suppliers by clicking "+ Add another supplier" and entering supplier codes and prices. |
| Track Inventory | Enabled by default, Track inventory for this product allows you to input and maintain inventory levels for your products. If you do not wish to track inventory for this product, for example on a service fee item, deselect the checkbox and the product will display an infinite inventory level. |
| Current Inventory Levels | It's recommended to leave this blank and add inventory through purchase orders for accurate reporting. |
| Tax: | Automatically applies the store’s default tax rate. You can apply product-specific tax if needed. |
| Price Points: | The General Price Book will be added by default. Additional price books can be added as needed. |
| Account Codes: | Default account codes are applied automatically unless specified. |