MYOB - How to Enter Inventory

Prior to joining Inventory is important to decide how you want to have displayed in the Items list. For example MYOB records the voices in an alpha-numeric sequence so if you have several products in this category, you must plan how you want to record.

For this example there will be a wholesale stationery store that buys various products we sell to resellers. We decided that for each of our products we will put three letters of the alphabet that represents the product running, then three numbers in sequence. So, for example, would be recorded as envelopes ENV001, ENV002, ENV003 and pens and pencils, and PEN001 PEN002 PEN003 etc.

In the Command Center Inventory List items and then click New at the bottom of the window. Enter the item number that you chose and hit tab then enter the item name.

At the bottom of the screen on the left hand sign you will see three check boxes giving you the chance to buy an item, selling this product and Inventory this article. You can buy an item and use it to do something different that you sell. For example, you can be a lawnmower company that buys different parts of a lawnmower that is sold fully assembled. Also in this case can be sold only this element, as in the previous example, where it is used different components for producing the product. The Inventory This article is when you want to keep track of your inventory and take action to adjust it.

When you select one of these cases was then asked to assign a code to each of them controlled. I Buy This Item is generally a cost of Sales Account starting with the prefix 5 -, I Sell This Item is generally a revenue starting with the prefix 4 - and I Inventory This article is an account starting with Asset the prefix 1 -.

After completing this screen, click the Details tab Selling top. Enter the basic selling price that sells the item and verify that the other details such as the Code of GST if the sale of sale of units of measure, item number per unit of sale are all correct or make the necessary changes.

You are now able to enter the amount of stock purchases through the window or dialog Inventory Rule. There is another video on how to enter purchases so we will see the Inventory Rule. You can use this window when you have currently available on hand which was purchased before or when you need to make changes to your inventory levels, after an inventory for example.

In the Command Center Inventory click Adjust Inventory. You will see a number of default inventory Journal, the current date and the ability to type a small memo regarding this transaction. Enter the item number you want to adjust. Tab and add the amount we have in stock, the unit cost paid for an item and an amount will appear automatically. You must assign an account code for this adjustment that affects the cost of goods sold. If you do not already have a code control archives you can easily create one now. Press enter in the Account column - this will take you to the list of accounts codes. Cost of sales codes starting with a 5 - to Search: Type 5 and hit tab. Choose whatever number you want, and click New at the bottom of the window. Enter your account number and account name. Click OK and you return to the Inventory Rule in which you can now enter the new account.

After recording your diary adjustment, you will see that your voice will get your purchase history information on the card .......