Forum Discussion

Jobird's avatar
Jobird
Experienced Cover User
4 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
    4 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

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
4 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
    4 years ago

    Great- thanks Neil.