Using the Commodity Wizard

There may be times when you want to update your Chart of Accounts with a new commodity.  Perhaps you have just started producing it, or it may have been missed in the initial set-up of your file.  You can use the Commodity Wizard to quickly add several accounts to your Chart of Accounts.

Click Chart of Accounts on the left menu.

Click the New Commodity button.

You will get a slide-out from the right.  Use the drop-down menu to select the Category.

Use the drop-down menu to select the Subcategory.

Use the drop-down menu to select the Commodity.

Use the drop-down menu to select the Variety and click Next.

If the commodity is part of an existing Subcategory, it will add the new commodity(s) to the existing inventory group, or if it is new, it will create a new number for it.  Click Next after reviewing.

It will also add an Income account connected to the Inventory account in the same fashion.  Click Next.

It will also add an Expense account connected to the Inventory account in the same fashion.  Click Next.

The last page is to review the accounts added and you can Save and close, Save and new, or Save and print.

Last updated on March 24, 2026 by FCC AgExpert