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To create a list of characteristics for an item, on the Sales > Master Data > Items form, click to open the item's master record, then click the Characteristics link on the top of the form. The Items Characteristics form opens. Initially, the list of characteristics is blank.

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The Item Characteristics

To add a characteristic, click Create on the toolbar. The Item Characteristic (create) dialog box opens. On the screenshot above, characteristics are defined as combinations of size+color. The list will include all combinations of sizes and colors that are available for the merchandize.

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The Item Characteristic (create) form

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This opens the following dialog box (the same for all types of documents).
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The Item Characteristics (selection) dialog box

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The Stock Balance by Item report lists among other available items the items with variations available in warehouses.

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The changes in available item quantities with variation quantities in all warehouses

The Stock Statement (by Item) report shows the changes in item quantities during the specified period. For items with variations, the changes in all available variations are shown.

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The list of items with variations available in warehouses

If you need to know where the units with particular characteristics are stocked, you can use the Stock Balance (with Locations) report which shows the item quantities in each warehouse, each location (if this functionality is enabled) on the specified date. For items with variations, the quantities are split between variations (characteristics).

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Products that your company purchases or manufactures and sells may have variations, such as different sizes, colors, materials, or other variations. Different variations of the same product may have different prices and be of different demand.
In FirstBIT ERP, for products with variations you can use the functionality of inventory item characteristics. This functionality enables you to assign a single inventory item code to all variations of the item and a specific characteristic to each variation so that each variation will be tracked separately from their "origin" (opening balance, production, purchase) to their "end" (sale, use in manufacturing, write off).

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To view various details on stock of the item with characteristics, use reports in the Warehouse module.
The Stock Balance by Item report lists among other available items the items with variations available in warehouses.

The changes in available item quantities with variation quantities in all warehouses
The Stock Statement (by Item) report shows the changes in item quantities during the specified period. For items with variations, the changes in all available variations are shown.

The list of items with variations available in warehouses
If you need to know where the units with particular characteristics are stocked, you can use the Stock Balance (with Locations) report which shows the item quantities in each warehouse, each location (if this functionality is enabled) on the specified date. For items with variations, the quantities are split between variations (characteristics).
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The list of locations with items having variations