Inventory management

If you’re in a business with stock to keep track of, then this course is ideal. Stock control does not have to be complicated - let MYOB show you the easy way to control this valuable asset.

You'll learn how to use the inventory module in MYOB accounting software to its full potential - find out how to account for inventory transactions to ensure you maintain accurate and timely records

Who should attend

Retailers, wholesalers, or distribution businesses who need to learn how to keep track of stock using MYOB accounting software.

Course Content

Inventory management covers:

Understand cost of sales

Set up the items list

Identify the types of items which are categorised as buy, sell and/or inventory

Use custom lists and fields

Create a new item for a service

Set up price levels and assign price levels to customers

Create a new item built of other items

Enter an initial stock count

Reconcile the stock ledger with the accounts list

Link the account for goods received

Order stock from a supplier

View, print and email purchase orders

Check stock availability

Receive stock and the packing slip

Understand a formula for average costing

Change an order to a bill

Receive a sales order and auto build

Receive a sales order and back order

Enter a stock take and stock adjustments

Account for samples

Write down stock value

Set up stock for multiple locations

Troubleshoot when the inventory ledger is out of balance