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Jayce89's avatar
Jayce89
Experienced Cover User
5 years ago
Solved

Keeping track of supplier costs and item costs

Hi MYOB,    I've currently set-up individual cost of sale accounts for each of our ingredients e.g. pork trim, pork shoulder, pork fat. I"ve also created a cost of sale account for each supplier.  ...
Inventory
  • Neil_M's avatar
    Neil_M
    5 years ago

    Hi Jayce89 

     

    You could look at running the purchase Register Detail [All Purchases] report. This report can be filtered by a single, multiple or all suppliers as well as the status of the purchase (such as closed or open). Additionally, this report can also have a column added to it through inset/modify >> Show/Hide to show how much as been paid on each purchase

Neil_M's avatar
Neil_M
Former Staff
5 years ago

Hi Jayce89 

 

You could look at running the purchase Register Detail [All Purchases] report. This report can be filtered by a single, multiple or all suppliers as well as the status of the purchase (such as closed or open). Additionally, this report can also have a column added to it through inset/modify >> Show/Hide to show how much as been paid on each purchase

  • Jayce89's avatar
    Jayce89
    Experienced Cover User
    5 years ago

    Hi Neil, 

     

    Thanks so much! this is perfect. 

     

    Since i've created individual COST OF SALES accounts for each item am I correct in assuming the Expense Account for each Supplier Card can be left blank? Currently, I've created a COST OF SALES account for each supplier to be in place here but I've noticed the balance remains at $0.00 because it is only for non-item purchases which never occur. 

     

    • Neil_M's avatar
      Neil_M
      Former Staff
      5 years ago

      Hi Jayce89 

       

      If the supplier was never going to be used for anything other than item purchases, then yes you could omit entering the Expense account on the supplier card. This field is designed for use on non item invoices where you’re tracking the costs spent on a specific supplier through an account unique to them

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