Overview
The Inventory command centre controls the way MYOB manages goods and services. We can create items (i.e. things are bought and sold), and set up automatic triggers to remind when the stock levels fall below pre-determined levels which automatically prepare purchase orders to replenish stock. We can create simple inventory systems which track only the quantity of goods and services that have been sold, all the way to the most sophisticated system which tracks the raw materials, direct labour and other manufacturing inputs into production and then follows the finished goods to market.
Overview
Using MYOB accounting system, we can: a) b) c) d) Keep track of our items Identify how many goods are in stock See how much items are worth Find out from whom did we buy and to whom did we sell e) Shows how to revalue the stock f) Track the inventory transfers and automate the transfers using the Auto-Build features.
Our Focus
We are going to focus especially on the following sections of the inventory management process on MYOB:
1. Purchase Return to Supplier. 2. Sales Return to Customer. 3. Recording items received, when no order has yet been recorded. 4. Recording Items received against an existing order. 5. Auto-building Items.
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Auto-building Items
For inventory builds that are made repeatedly, Auto-build function can be used to automatically build the finished items. Before a finished item using the Auto-build function can be built, the items required to build the finished item need to be defined.
Auto-building Items
For defining a new Auto-build item, we need to
1. Go to the Inventory command centre and click Items List. The Items List window appears. 2. Click the zoom arrow ( ) of the item needed to be built. The Item Information window appears. 3. Click the Auto-Build tab. 4. Enter the minimum level of the item we want to have on stock in the Minimum Level for Restocking Alert field.