MYOB Discussion Forum  Hop To Forum Categories  Small Business Talk    Inventory withdrawal

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Posted
HI im using MYOB Premier Enterprise.

I was wondering if anybody could help me about "how to do the Inventory withdrawal?" do I need to go to enter sales?

Confused
 
Posts: 1 | Registered: Fri May 01 2009Reply With QuoteEdit or Delete MessageReport This Post
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quote:
HI im using MYOB Premier Enterprise.

I was wondering if anybody could help me about "how to do the Inventory withdrawal?" do I need to go to enter sales?


You debit owner's draw and credit purchases ( or Cost of Good Sold) if you use the account for the cost basis of items withdraw for personal uses. This will help you te get an accurate picture of how the business is doing, without the entry, cost is overstated by the amount of your personal uses.


songcon
NYC
 
Posts: 55 | Registered: Tue November 25 2008Reply With QuoteEdit or Delete MessageReport This Post
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Use the adjust inventory screen.
 
Posts: 80 | Location: NJ | Registered: Sun September 28 2008Reply With QuoteEdit or Delete MessageReport This Post
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