Step 1: Master – Inventory – Item Group – Edit
Step 2: Select the Item Group (e.g Raw Material) you want to edit – Click on the Pencil at the right or press Enter
Step 3: Make the necessary changes / edits. Click Save (Ctrl + s)
Effect in Stock – If you want this to affect the Closing Stock (Yes – by default / No – if you want to maintain stock but not affect the valuation of the stock)
Visible – By default Ticked (Yes). In case it is an old group which you do not want it to be visible in search options in Reports, un-check it.