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To set up a beverage inventory system in Jonah's, you need two SKUs for each item - one for the bottle/keg and one for the shot/glass/pint. Start by setting up SKUs in the club inventory files by choosing your club and area. Assign a new SKU for the bottle/keg, making sure to include "bottle" in the name for clarity. Enter the name, category, and cost for the item. This will help you keep track of inventory and sales accurately.