Entering inventory account information

To enter inventory account information:

1. Select Chart of Accounts from the Setup menu. The Chart of Accounts dialogue box opens.
2. Click Add. The Add Account dialogue box opens.
3. Enter a measurement unit for the account (dozen, head, tonne, etc.) in the Unit label field, or select one from the drop-down menu. 
4. Enter the Inventory adjustment account number or click (…) to select one. It’s used to track changes in a specific inventory account. 
5. The inventory adjustment account updates every time you post a transaction to the inventory account. You can use one inventory adjustment account for all inventory accounts or use a different inventory adjustment account for each inventory account.
6. If you’re participating in the AgriStability program, select one of the options from the AgriStability commodity type drop-down menu.
7. Select the Active check box to use the account when entering transactions.
8. Click Save. The Chart of Accounts dialogue box opens, displaying the new account in the list of accounts. 

Last updated on June 30, 2014 by FCC AgExpert