Forum Discussion

Contributing User

12 months ago

Inventory levels fail to update for bank feed entries

Hi MYOB Community For some reason, when I allocate a cash deposit in my bank feed to various products, the inventory fails to update. The levels update perfectly when I generate invoices or procdu...

Mike_James
12 months ago
Hi CornucopiaApoth , no AI involved in this answer! Create a cash sale invoice for the sale of the items, equal value to the amount deposited, and then receive payment for it.

Add a new contact called cash sale first.

Mike_James

Ultimate Cover User

Hi CornucopiaApoth , the transaction lines of this cash deposit are coded to income accounts in the general ledger. These accounts have nothing to do with inventory items.

I suggest you have a read of some help articles about using inventory in MYOB Business, it will give you some suggestions about how to proceed. I'm in NZ; change the "nz" in the links to "au" if required:

https://www.myob.com/nz/support/myob-business/inventory/choosing-an-inventory-method?productview=Browser

https://www.myob.com/nz/support/myob-business/inventory/tracking-your-stock-levels?productview=Browser