Forum Discussion

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

Selling Inventory with not enough Quantity on Hand

Hi there,   This is becoming quite a problem for 1 of my clients and will be a big problem for another client I was about to migrate to MYOB Accountright. We use the Inventory module and so have I ...
  • Mike_James's avatar
    Mike_James
    5 years ago

    Hi Jobird , yes payments can be applied to orders. Your linked (sales) accounts should include a liability account for customer deposits. When a payment is applied to an order, MYOB will credit that account. On conversion to an invoice the deposit will be automatically transferred to the credit of the receivables account. 

Mike_James's avatar
Mike_James
Ultimate Cover User
5 years ago

Hi Jobird , yes payments can be applied to orders. Your linked (sales) accounts should include a liability account for customer deposits. When a payment is applied to an order, MYOB will credit that account. On conversion to an invoice the deposit will be automatically transferred to the credit of the receivables account. 

Jobird's avatar
Jobird
Experienced Cover User
5 years ago

Thanks so much Mike_James ,

 

Is there a way of getting MYOB to have a look at how Inventory handles Prepayments going forward? It might be another option at the Build/Buy/Backorder stage.

 

Kind Regards,

 

Jo

  • Neil_M's avatar
    Neil_M
    Former Staff
    5 years ago

    Hi Jobird 

     

    I’m not aware of any current plans to change how inventory handles payments, however I have passed your comments onto the relevant teams. Please note that I am unable to provide a timeframe for when this may be considered for any potential changes

     

    Currently if you were doing a prepayment for inventory then you would be looking at using the method Mike James suggest by way of creating an order first and then adding the payment to the order.

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

      Great- thanks Neil.

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Community home

Level up your skills using MYOB software.

 

Find help guides and technical solutions for all MYOB products here

Explore video tutorials for our software at the MYOB Academy here

 

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.