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Product Type must be one of the following

  • Storable Product (you track stock)
  • Consumable (you can buy it and receive it, but you don't track stock)
  • Service 

  • Booking Fees
  • Combo
  • Event Ticket

Product Category is used in several different ways to further categorize products and services, but you have complete freedom to define these. 

You can use Product Categories:

  • to set costing methods and control postings (if you install Accounting)
  • for pricing
  • for reporting
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