Forum Discussion

ClaireL's avatar
ClaireL
Experienced User
2 years ago

Item tracking to multiple income accounts

Good morning all,

 

I am just doing a quick check in case potentially the outcome has changed.

 

Is it possible to track one item to multiple income accounts?

 

I've checked the solutions posted here: https://community.myob.com/t5/AccountRight-Sales-and-purchases/Sales-items-allocation-to-different-GL-accounts/td-p/696403

 

Is this solution still current? 

 

Thanks.

  • Hi ClaireL , the 3 workarounds mentioned are journaling amounts to other accounts,  using multiple items or editing linked accounts.  

     

    The old version of MYOB Business displayed the income account for an item on the line, and allowed it to be changed, but that option no longer exists in the new program, for consistency with Accountright.

     

    There is another option, only if you are running a full inventory tracking system,  where you create a core item (no pun intended...), which is the apple you hold stock of but do not sell, and you then create several other items which you sell, and have an autobuild definition, linked to the first item. These other items can be linked to different income accounts, but are still called apples.

     

    Then when you sell the other items, AccountRight will prompt you to build the qty being sold, and reduce the stock of the original item.

     

    The disadvantage is that you have to add up the sales of all 3 items to get a total.

2 Replies

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  • Mike_James's avatar
    Mike_James
    Ultimate Partner

    Hi ClaireL , the 3 workarounds mentioned are journaling amounts to other accounts,  using multiple items or editing linked accounts.  

     

    The old version of MYOB Business displayed the income account for an item on the line, and allowed it to be changed, but that option no longer exists in the new program, for consistency with Accountright.

     

    There is another option, only if you are running a full inventory tracking system,  where you create a core item (no pun intended...), which is the apple you hold stock of but do not sell, and you then create several other items which you sell, and have an autobuild definition, linked to the first item. These other items can be linked to different income accounts, but are still called apples.

     

    Then when you sell the other items, AccountRight will prompt you to build the qty being sold, and reduce the stock of the original item.

     

    The disadvantage is that you have to add up the sales of all 3 items to get a total.

    • ClaireL's avatar
      ClaireL
      Experienced User

      Thanks Mike,

       

      I'll advise the decision-makers of the additional option. We do use auto building already for some items so the process isn't new. 

      It's just not a perfect fit (nor are any of the workarounds). 

       

      Thank you for the quick reply.