Hello Heather I have a question regarding the liability account for receiving inventory. What will happen in the period end? Would the number sitting in the account ?
hi Heather really wonderful video , just want to ask when we do accounting for others for taxation part do we need to maintain stock in Myob or we just take bank statement, sales, purchase, income and expenses details as people have a till at the counter for selling like Pack n save or PB etc please help
Hi Heather - if you have a positive number during a stock adjustment, eg count was 2 higher than the on hand amount, what account would you apply it to?
Hi, thank you for putting up all these videos. I started to to work wit MYOB just recently and this is a good way to learn. I have this following question: Our shopping cart from the web is connected with myob. This means when we get an order it automatically inserts the items to the sales register to orders. Some of our products are sold in Kits, this means the product X includes products (A,B,C,D). At the moment I have to add the the products A,B,C,D manually and delete the price so our inventory will keep updated. Is there a way that an item automatically adds other items to an order? This would save me a lot of time. Thank you for any ideas. Jakob
Thank you for the idea. We are using woocommerce for our online store. I will try the the gift basket :) if you have any other ideas please let me know
Hi, i run a juice business, We purchase boxes to place all the juices that will be delivered to customers. Purchase of boxes would be considered as cost of goods. However by the end of the year, we still have balance stocks. Hence there is a over COGS being reported. May I know how should I solve this? Thank you for your assistance
The boxes are initially recorded as an asset and then as you use them up you transfer them to COGS. You do a stocktake, you can readjust the value of the boxes in assets and in COGS Gabriel Hui
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Great video, all explained in detail. Thanks. Surprisingly not many likes.
Anuja Singh Thank-you very much. Did you have a chance to look at the Xero videos? Is there anything else you need to know about?
very beneficial
Hello Heather I have a question regarding the liability account for receiving inventory. What will happen in the period end? Would the number sitting in the account ?
hi Heather really wonderful video , just want to ask when we do accounting for others for taxation part
do we need to maintain stock in Myob or we just take bank statement, sales, purchase, income and expenses details
as people have a till at the counter for selling like Pack n save or PB etc
please help
Hi Heather - if you have a positive number during a stock adjustment, eg count was 2 higher than the on hand amount, what account would you apply it to?
Hi, thank you for putting up all these videos. I started to to work wit MYOB just recently and this is a good way to learn.
I have this following question:
Our shopping cart from the web is connected with myob. This means when we get an order it automatically inserts the items to the sales register to orders. Some of our products are sold in Kits, this means the product X includes products (A,B,C,D). At the moment I have to add the the products A,B,C,D manually and delete the price so our inventory will keep updated. Is there a way that an item automatically adds other items to an order? This would save me a lot of time. Thank you for any ideas. Jakob
+Jakub Šimánek You can combine items in inventory - like a gift basket scenario - maybe that will help you? What shopping cart are you using?
Thank you for the idea. We are using woocommerce for our online store. I will try the the gift basket :) if you have any other ideas please let me know
+Jakub Šimánek Let me know how you get on.
Hi, i run a juice business, We purchase boxes to place all the juices that will be delivered to customers. Purchase of boxes would be considered as cost of goods. However by the end of the year, we still have balance stocks. Hence there is a over COGS being reported.
May I know how should I solve this? Thank you for your assistance
The boxes are initially recorded as an asset and then as you use them up you transfer them to COGS. You do a stocktake, you can readjust the value of the boxes in assets and in COGS Gabriel Hui
What happen if we do not receive the inventory in MYOB?
if your solution is integrated with an inventory solution - you would need to look to the set up and integration offered.
Hi
How's do we post under general ledger?
Thank you
Gabriel Hui its unusual to post under the general ledger - are you really sure you should be? If you need to click Accounts > Record Journal Entry