Inventory Management for SME's

by WiseClick Training Claim Listing

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.

$415

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img Duration

5 Hours

Course Details

Businesses 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

  • Perth Branch

    1/14 Halley Rd, Perth

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