Transferring inventory

This type of inventory adjustment is used to transfer inventory from one inventory account to another. For example, moving your calves inventory to your feeder heifers inventory.

1. Select Inventory Adjustment from the Inventory menu. The Select Postable Account - Inventory dialogue box opens.
   
2. Select the inventory account you’re transferring from.
3. The Inventory Adjustment dialogue box opens. Enter the required information. Change your transaction type to Transfer Out and ensure that your quantity is negative.
4. Click Record. Click the  icon to the right of the account name to open the Select Postable Account - Inventory dialogue box.
5. Select the inventory account you’re transferring to. Enter the required information. Change your transaction type to Transfer In and ensure that your quantity is positive.
6. Click Record. 

When you complete a transfer like this, you must complete both a transfer in and a transfer out. When you review your AgriStability Supplementary report at year-end, you must ensure that your transfers in equal your transfers out.

Last updated on June 6, 2014 by FCC AgExpert