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Goods are of material nature for example raw materials, spare parts, semi products, finished products and similar.
If defined in the Company Settings, goods can have variations.
Stock levels are accounted for either the item itself or for each individual variation. This is controlled by the Stocks flag in the ~ITEM~ tab. This flag can not be changed if either the item or any of the variations have a stock level in any of the departments. All stocks in all departments need to be cleared out prior to such a change.
The Sellable flag enable the item to be added into invoices.