This one day class will show you how the MYOB Account Right software manages a perpetual inventory process. You will set up the accounts list to meet the business needs and practise various scenarios of sales, returns, changing prices and reconciling to the balance sheet.
DurationBusinesses that buy and sell products need to understand the complexities of operating an inventory system. Inventory management relies on correct data and information being inputted into an inventory accounts software system.
This one day class will show you how the MYOB Account Right software manages a perpetual inventory process. You will set up the accounts list to meet the business needs and practise various scenarios of sales, returns, changing prices and reconciling to the balance sheet.
Inventory management is a vital part of most small businesses and adjustments for discrepancies at a physical stock count can greatly affect overall profitability. By understanding the nature of inventory and how to look out for data entry errors that can affect item pricing you are ensuring your financial information is as accurate as possible.
Learning Outcomes:
Understanding the differences between Periodic and Perpetual inventory
Setting up inventory
Allocating tax codes
Entering opening stock
Manually recording inventory
Setting up supplier cards
Setting up min levels
Returns and adjustments
Receiving items
WiseClick Training commenced as a business in 1999, specialising in accounts, business software training and consulting. In January 2014 WiseClick Training became a Registered Training Organisation offering nationally recognised units of competencies, focusing on the bookkeeping and accounting areas.
WiseClick’s knowledgeable staff know their subject matter in and out and continuously strive to improve, update and communicate the course content in a user-friendly manner. Additional support is offered to those learners who have English as an additonal language or are returning to study after a long break from the workforce. We are passionate about training top-quality bookkeepers and helping business owners to grow their businesses.
Our Mission Statement:
To provide students with practical and positive learning experiences, so they become competent and valuable members of the workforce. We endeavour to form life-long partnerships with employers and learners by consistently delivering relevant and modern course content.
WiseClick Training aspires to train satisfied and self-motivated staff who communicate directly with management to improve the businesses’ reputation and profitability.
Our Vision Statement:
To be the trainer of choice for anyone wanting to obtain up to date skills and the confidence to work in bookkeeping, accounting, and administrative sectors.
The Inventory Management and Warehousing Training focuses on the management in the balance of demand and supply along with coping with the forward and reverse flows in the supply chain.
The content of this tutorial is completely designed for students who want to find a job or change jobs in the field of Management Accounting or Cost Accounting. In order to make this tutorial more practical and practical, Nicole Accounting Training Center hired a senior FCPA to write the tutorial.
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