FlagshipTech
01-17-2012, 07:18 AM
[duplicated from email]
Mark,
I wanted to express my gratitude for the suggestion you gave me in a thread on New Ag Talk. I used your solution and it worked for getting a prepay in one year and inventory the next. I used an Inventory Adjustment to assign the seed to each farm using the appropriate Class, which I learned from the Cookbook (http://www.goflagship.com/products/cbkhome.htm).
The only challenge I have to deal with is carryover materials, I simply use an inventory adjustment on 12-31 then return to assign a class to that adjustment when I use it. For instance I have 15 bags of Soybean Seed left over from this year, it was purchased in 2011. I removed it from inventory on 12-31-11 to get the 'cash' expense, when I plant that seed I will add the class for the farm where that seed was used.
http://talk.newagtalk.com/forums/thread-view.asp?tid=209326&posts=8&highlight=quickbooks&highlightmode=1#M1569421
Thank you again for your help.
Jim Smith
Mark,
I wanted to express my gratitude for the suggestion you gave me in a thread on New Ag Talk. I used your solution and it worked for getting a prepay in one year and inventory the next. I used an Inventory Adjustment to assign the seed to each farm using the appropriate Class, which I learned from the Cookbook (http://www.goflagship.com/products/cbkhome.htm).
The only challenge I have to deal with is carryover materials, I simply use an inventory adjustment on 12-31 then return to assign a class to that adjustment when I use it. For instance I have 15 bags of Soybean Seed left over from this year, it was purchased in 2011. I removed it from inventory on 12-31-11 to get the 'cash' expense, when I plant that seed I will add the class for the farm where that seed was used.
http://talk.newagtalk.com/forums/thread-view.asp?tid=209326&posts=8&highlight=quickbooks&highlightmode=1#M1569421
Thank you again for your help.
Jim Smith