# Serialized Inventory **Duration: 4:11** If an Item is serialized, a Serial Number (Serial No) record is maintained for each unit of that Item. This information is helpful in tracking the location of the Serial No, its warranty and end-of-life (expiry) information. This video walks you through setting item as serialized item, and creating stock transaction for it. Mostly a high value items are set as serialized item which requires close tracking of its location and warranty expiry.