Add Inventory as a by-product

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   I am a beekeeper that buys/sells bees/bee equipment, provides bee managment services etc.  I'm stubbling in trying to figure out the correct way to input the honey as an inventory item which I then sell.  the amount of honey is not tied to any specific activity and I can't forecast it based on number of beehives or anything like that.  I have input honey twice this year as a direct receive and used the cost of production per lb as a calculation of expenses.

Should I maybe setup a different adjustment reason code?  I don't like using the Cycle Count reason code as it then appears along with my other adjustenments that are adjustments to inventory typically due to some error, and this isn't an error, it is a sellable product that is a by-product of other activities. Next year I will face a similar situation as I begin collecting Pollen which is an identical process.

I'm using ABC Inventory. The part number is simply HONEY and its unit of measures is LB.

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timjea Members Profile Send Private Message Find Members Posts Add to Buddy List Newbie Joined: 12 Nov 2011 Points: 67	Post Options Post Reply Quote timjea Thanks(0) Quote Reply Topic: Add Inventory as a by-product Posted: 14 Dec 2011 at 5:24pm
	I am a beekeeper that buys/sells bees/bee equipment, provides bee managment services etc. I'm stubbling in trying to figure out the correct way to input the honey as an inventory item which I then sell. the amount of honey is not tied to any specific activity and I can't forecast it based on number of beehives or anything like that. I have input honey twice this year as a direct receive and used the cost of production per lb as a calculation of expenses. Should I maybe setup a different adjustment reason code? I don't like using the Cycle Count reason code as it then appears along with my other adjustenments that are adjustments to inventory typically due to some error, and this isn't an error, it is a sellable product that is a by-product of other activities. Next year I will face a similar situation as I begin collecting Pollen which is an identical process. I'm using ABC Inventory. The part number is simply HONEY and its unit of measures is LB.

BillD Members Profile Send Private Message Find Members Posts Add to Buddy List Senior Member Joined: 01 Jul 2011 Location: Nevada, US Points: 474	Post Options Post Reply Quote BillD Thanks(0) Quote Reply Posted: 15 Dec 2011 at 12:13pm
	Yes, of course. Create new adjustment code and call it "honey production" or something like this. You can always rename it later without affecting anything. You can also create a negative adjustment code and call it "production expenses". Adjust supplies down against this code. I am not sure if you had other questions in your post.

timjea Members Profile Send Private Message Find Members Posts Add to Buddy List Newbie Joined: 12 Nov 2011 Points: 67	Post Options Post Reply Quote timjea Thanks(0) Quote Reply Posted: 15 Dec 2011 at 9:28pm
	Thats pretty simple, then it simply group them seperately for "errors" and make my accounting easier. There were no other implied questions at this time. Thank you for the response.