How do I enter inventory - fresh fruit - that we produce ourselves for a $ value

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

I too am based in the Goulburn Valley so I would be happy to consult with you on this.


Graham Boast
Reckon Accredited Consultant
graham@reckonhelp.com.au
www.reckonhelp.com.au/remotesupport