How To Add A New Commodity

What you need to know: 

You may need to add a new commodity to your Chart of Accounts if you have recently started producing it or if it was missing during the initial file setup.  The Commodity Wizard lets you quickly add multiple related accounts to your Chart of Accounts. 

What you need to do: 

  • Gather all information related to the commodity you’re looking to add – name, subcategory, commodity and variety 

How to (Step by Step):  

  1. Click Chart of accounts  

  2. Click New commodity 

  3. In the slide-out on the right 

  4. Use the drop-down menu to select the appropriate Category 

  5. Use the drop-down menu to select the appropriate Subcategory 

  6. Use the drop-down menu to select the appropriate Commodity 

  7. Use the drop-down menu to select Variety 

  8. Click Next 

    Note: If the commodity is part of an existing Subcategory, it will add the new commodity(s) to the existing inventory, income or expense group, or if it is new, it will create a new number for it.  

  9. View the Inventory account details and review or make changes as needed to customize accounts. 

  10. Click Next  

  11. View the Income account details and review or make changes as needed to customize accounts. 

  12. Click Next 

  13. View the Expense account details and review or make changes as needed to customize accounts. 

  14.  Click Next 

  15. Review the accounts added, and click Save and close  

    Note: You can also click Save and new to save the current commodity and add your next commodity or, Save and print. 

References and Additional Resources 

Still have questions? Contact support  

Contact us at 1-888-667-7893 or email support@fccagexpert.ca if you require additional support. You can find other help options under the Question Mark Icon in the top right of AgExpert Accounting at any time.