How do I enter inventory - fresh fruit - that we produce ourselves for a $ value
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carol@pomlife.com.au
Member Posts: 1 ✭
We have Reckon Enterprise and we need to enter a cost price per item so we can see what profit we make when we sell it
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Hi Carol
You can use Reckon's Bill of Materials feature to incorporate one or more cost components (non-inventory parts) into the inventory cost.
A few tricks:- when setting up the component cost parts, tick the "this item is used in assemblies.." tickbox;
- the "purchase information" side is where you can cost the input.
- Use new accounts for the expense account (eg Inventory Cost:Packaging Costs). This way, you will show an expense for packaging costs (a debit), and a negative cost (a credit) for costs allocated when the inventory is "assembled", you can then easily compare the actual costs vs costs recovered.
- You also need to create "inventory assemblies" for each of the products you sell
- each days packing is recorded as "build assemblies" to reflect cartons/crates packed
Graham Boast
Reckon Accredited Consultant
graham@reckonhelp.com.au
www.reckonhelp.com.au/remotesupport
Graham Boast | 0409 317366 | graham@reckonhelp.com.au
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