11-07-2012 01:52 PM
Hey guys, I've recently upgraded to standards from basics. I've had a few previous sales, on the company file. Now that i enter a new item to add into inventory, in the option 'I inventory this item', it has an error "you have sales or purchases on file for this item", how do i get rid of this so i can put the number of stock on hand in the inventory account. thank you.
11-07-2012 04:01 PM
There is a MYOB Support Note on Periodic inventory on this link Periodical inventory as well as this Support Note on Perpetual Inventory "I Buy", "I Sell", "I Inventory" and linked accounts that would be of benefit to you.
It appears that you want to change your inventory from a 'periodic' type to a 'perpetual' type. This is not an easy fix as you already know by now that you cannot change the existing items to "I inventory this item". You need to export your items, rename & mark the existing items as inactive then import your items once you have set them to 'I inventory' and assigned each of them to the Inventory Asset Account Number. It can be a daunting process if you have many stock items however I have included the methodology to achieve that transition.
The methodology that has been used by others in the past is as follows:-
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