As we discussed in the **Item** section, if an **Item** is _serialized_, a **Serial Number** (Serial No) record is maintained for each quantity of that **Item**. This information is helpful in tracking the location of the Serial No, its warranty and end-of-life (expiry) information. **Serial Nos** are also useful to maintain fixed assets. **Maintenance Schedules** can also be created against serial numbers for planning and scheduling maintenance activity for these assets (if they require maintenance). You can also track from which **Supplier** you purchased the **Serial No** and to which **Customer** you have sold it. The **Serial No** status will tell you its current inventory status. If your Item is _serialized_ you will have to enter the Serial Nos in the related column with each Serial No in a new line. You can maintain single units of serialized items using Serial Number. ### Serial Nos and Inventory Inventory of an Item can only be affected if the Serial No is transacted via a Stock transaction (Stock Entry, Purchase Receipt, Delivery Note, Sales Invoice). When a new Serial No is created directly, its warehouse cannot be set. Serial Number * The Status is set based on Stock Entry. * Only Serial Numbers with status 'Available' can be delivered. * Serial Nos can automatically be created from a Stock Entry or Purchase Receipt. If you mention Serial No in the Serial Nos column, it will automatically create those serial Nos. * If in the Item Master, the Serial No Series is mentioned, you can leave the Serial No column blank in a Stock Entry / Purchase Receipt and Serial Nos will automatically be set from that series. {next}