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In Peachtree's stage 50, all inventory transactions are based on the unique item ID. This ID is essential for data entry in maintaining inventory items, purchase orders, sales, and invoices. While the item ID is the primary identifier, other fields such as part number or UPC/SKU can be printed on forms instead. In the purchase order preview, you can choose to replace the item ID with part number or UPC/SKU for printing. This feature simplifies customizing forms to display relevant information for different transactions.