Forum Discussion

Cleaver's avatar
Cleaver
Contributing User
2 years ago

Inventory adjustment

Inventory adjustments. I am a butcher and I have inventoried my Meat. I have Itemised my carcass and and separate cuts of meat. When entering a purchase I enter the total amount of carcass weight in Kgs. I need to transfer the weight from the carcass to the individual meat cuts. Can any way tell me the correct accounting procedure for the transfer.

5 Replies

  • Genreve_S's avatar
    Genreve_S
    MYOB Moderator
    2 years ago

    Hi Cleaver

     

    Thanks for posting and welcome to the Community Forum. 

     

    I understand how important it is that we record our inventory the right way. In my understanding, how an item is bought and sold can be set while creating your item. You check the buying and selling details tab of the item to make sure everything is set correctly. I recommend reading this article, Creating Items. This will give you a complete guide regarding how to set items. 

     

    Feel free to let us know if you require any further assistance. 

     

    Thanks,
    Genreve

  • Cleaver's avatar
    Cleaver
    Contributing User
    2 years ago

    All Items have been correctly entered with Asset, Income and COGS acccouunts

  • Genreve_S's avatar
    Genreve_S
    MYOB Moderator
    2 years ago

    Hi Cleaver

     

    Thanks for the response. 

     

    May I know if you checked the Buying details and the Selling details tabs of the item?

    You can make sure that the selling measure and buying measure of the items are correct. 

     

    If you have any further questions, feel free to let us know.

     

    Thanks,
    Genreve

  • Cleaver's avatar
    Cleaver
    Contributing User
    2 years ago

    Does myob Inventory allow the dis-assemblement of item a (Complete Beef Body) to be itemised. (bonned from the beef body of meat  a (carcass) into individaul cuts Items Such as T-Bone Steaks or Rump Steaks and than be transfered with quanities and cost price ). All my entries appear to be correct.

  • Genreve_S's avatar
    Genreve_S
    MYOB Moderator
    2 years ago

    Hi Cleaver

     

    Thank you for the response. I appreciate you explaining your use case of the inventory. 

     

    Since you cut the whole carcass into different parts. If there are different items saved for different parts of the carcass. I recommend recording build item transactions. This will decrease or increase the stocks of the items listed in each line item. For example, you could record the build items like this.  

    • Item A = quantity -1 (whole carcass)
    • Item B = quantity +3 (ham cut)
    • Item C = quantity +4 (ribs)

    I recommend reading the article Building Items. This will explain the feature in detail. 

     

    Let us know if you require any further assistance. 

     

    Thanks,
    Genreve