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In a beverage inventory system like Jonah's, you need two SKUs for each item - one for the keg/bottle and one for the shot/pint/glass. To set up a new item, go to club inventory files, choose your club and area, and create a new SKU for the bottle/keg. Include the SKU number, item name (with "bottle"), category, and cost. This helps in tracking and counting items accurately.