What are the different fields in Product?
Name and item code of Product.
1 : Buy Price: You can add Buy price of the product and this price will be used when we are using same product in Purchase Order.
2 : Sales Price: You can add sale price for the product and this price will be used when you will select this product in Invoices, Estimates and in Credit Notes.
3 : Unit Type: You can also add Unit Type for the particular Product. Default will be used as Quantity.
4 : Default Quantity: You can also add default quantity.
5 : Taxable: You can make product as taxable and non taxable.
6 : Default Tax: You can set default taxes for particular product. So when you use same product in Invoice/ Estimates/ P.O. and Credit Note then for that item line, tax will be set according to selected product.