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We use Quickbooks Desktop Pro 2019
We are an eggs production business, and we have a flock of chicks that lays eggs.
So we have 2 kinds of assets
Eggs => that is our inventory
Chicks => Biological assets
We have following direct expenses to produce eggs.
1) Chicks Feed
2) Chicks Medicines & Vaccination
3) Salaries of people who are managing Farm
How to handle eggs inventory in Quickbooks Desktop Pro 2019 so that these costs could be included to the eggs cost and eggs inventory can be managed accordingly.
In Quickbooks Desktop Pro 2019 there is no bill of material feature, manufacturing module is also missing. I would really appreciate if anyone could guide us or have a work around in handling this type of inventory.
Thank you!
Rashid Anwar
Solved! Go to Solution.
@Rashid1 wrote:
Thank you! @Fiat Lux - ASIA , @Jovychris_A and @Rustler for your help and guidance.
@Rustler
How to handle this in Quickbooks Pro?
Handle what?
Operating expenses are what you pay to operate the chicken ranch. The eggs have no value or cost, you sell them and that is income. On the P&L income is reduced by expense.
get the IRS Pub I mentioned
The Manufacture/assembly feature is avaiable in Premier/Enterprise edition only. Another option, purchasing an inventory management app to integrate with your Pro edition.
Just my 2 cents.
Thank you! Fiat for your quick response.
I just want a work around within Quickboks pro and don't want to have an ad on.
I would appreciate if any one could be of help.
Thank You.
Thanks for posting in the Community, @Rashid1.
Currently, the feature you are looking for @Rashid1 is unavailable in QuickBooks Desktop (QBDT) Pro. I also recommend @Fiat Lux - ASIA suggestion, for we're unable to make a workaround for the bill of materials and manufacturing goods.
Here's an article about our QBDT product feature comparisons: Choose your QuickBooks Desktop product. There you can choose which product would suit your business.
I'm always open for replies in this query if there's anything else. I'll be happy to assist you. Take care!
You need to get IRS Pub 225 which has special rules for farmers and ranchers and it addresses many of your questions.
Eggs have no cost. Feed, medicine, vaccination, water, elect, and payroll are all operating expenses. I know it seems like there should be costs rolled up into eggs, but think it through. per pound of feed how do you know how many eggs you will get today, vs tomorrow or next week? How many will break in handling and packing?
Thank you! @Fiat Lux - ASIA , @Jovychris_A and @Rustler for your help and guidance.
@Rustler
How to handle this in Quickbooks Pro?
If I need any add on as mentioned by @Fiat Lux - ASIA & @Jovychris_A, how much it cost.
and what if I upgrade to Quickbooks desktop premier.
Thank you very much.
@Rashid1 wrote:
Thank you! @Fiat Lux - ASIA , @Jovychris_A and @Rustler for your help and guidance.
@Rustler
How to handle this in Quickbooks Pro?
Handle what?
Operating expenses are what you pay to operate the chicken ranch. The eggs have no value or cost, you sell them and that is income. On the P&L income is reduced by expense.
get the IRS Pub I mentioned
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