beginning inventory

 

A Feed Beginning Inventory is only used to initially establish a system in order to start using the farms in MTech. This document outlines the main steps in creating a beginning inventory for feed. The Feed Beginning Inventory transaction assigns a quantity and value to the inventory. This value should be balanced to the inventory from the source system prior to entering any other farm transactions.

 

Note: If period end is used the following process must occur related to beginning inventory:

  1. Inventory is entered on the last date of the period in field transactions as normally occurs with the period end process. (12/31/2014)
  2. Farm Feed Inventory Startup Date is set to the first date of the period. (1/1/2015)
  3. The period end inventory quantities are entered on the first date of the new period at 12:00:00 AM (1/1/2015 12:00:00 AM). No value is entered as it is established by period end.
  4. Run the rebuild option in Admin>System>Maintenance>Farm Feed Inventory Rebuild.

 

Create a Feed Beginning Inventory

  1. In BMTS>BIM>Transactions>Feed Inventories, select Beginning Inventory.
  2. In the Feed Beginning Inventory main index, click to create a new beginning inventory record.
  3. In the New Record dialog box, In the Trans Date field, enter the date of the inventory transaction. Beginning inventory records should be created on the startup date of the farm feed inventory. For example, if the startup date is 01/01/2015, then the record should be entered at 01/01/2015 12:00:00 AM.
  4. From Farm No, select the required farm where the feed inventory is located and click 'OK'.
  5. In the Feed Beginning Inventory screen, click to add a new line to enter farm feed inventory.
  6. Depending on option selected in Registry>Poultry>[Suite]>Generaal>Feed Inventory Mode, the details will be entered as follows:
    1. Inventory by Feed Type - select the feed type for the inventory in the Feed Type No field. This field will only be displayed if this option is selected in the registry.
    2. Inventory by Formula -  select the formula for the inventory in Feed Formula No field. This field will only be display if this option is selected in the registry.
    3. Single Inventory - only quantity is required if this option is selected in the registry.
  7. From Complex Entity No, select the entity where the inventory product is stored. The granularity will be displayed based on the Feed Delivery Granularity that is established for the farm.
  8. Ref No is a unique reference number used to identify the ingredient receiving transaction. This field can be manually entered or auto-generated. If auto-generated, the value will not be displayed until the record is saved.
  9. Enter the total Quantity of units required for the inventory product.
  10. Selecting the Void Flag from the beginning inventory index will cancel the inventory line. This option cannot be selected in the transaction.
  11. Once the fields have all been entered, click to save the inventory record, and then close the screen. This process will establish a beginning inventory, unit quantity, and value.
  12. From the index, post the beginning inventory transaction so the feed is available in inventory by selecting the record(s) and right-clicking to select Post or select from the toolbar.
  13. Once the beginning inventory is entered and posted, run the rebuild option in Admin>System>Maintenance>Farm Feed Inventory Rebuild.