i have been using this software for a meat selling business and works perfectly for my business. i introduced it to my friend who deal with polythene production. it is a manufacturing company . they produced low density , high density, polypropane with various sizes (12.5kg, 25kg, 6.5kg) they also have waste product some sold and some reused for production. i need help on how to set manager up for this manufacturing company. thanks
there are some help available in the guides section relating to Production Orders
https://www.manager.io/guides/7767
and also managing inventory,
please refer him to the guides section
still on how to set up manufacturing account, how would i enter opening balances for these inventory items : raw materials and work in progress and finished goods
this is the enter new inventory screen
here you can enter the details of the goods which are raw materials and finished goods, with a opening balance also.
i am not sure if Work in progress should be included as an inventory item, others may be able to help you out.
Raw Materials and finished goods are inventory item.
If the work in progress is an intermediate stage of combining of raw materials into finished goods, then it can also be an inventory item.
Thanks @ Brucanna, your reply was helpful but i still need further assistance. this manufacturing company produces polythene bags in rolls 5 rolls were returned by customers because it was bad and the management has written it off pls. how would i enter this transaction as a layman in preparing manufacturing account.
First, you would issue Credit Notes to the Customers, this will put the Inventory back into stock.
Then you have the option of the or a to action the write off out of stock.
I’m indebted to you Brucanna for your quick response and clear explanation. i also observed that since i’m dealing with manufacturing account the account on the other side of balance sheet of the summary tab is still showng profit and loss how would i change this to manufacturing, trading, profit and loss account. thanks once again
you cannot change how it appears in the summary. but you can change the heading when viewing it as a report.
You can’t change the heading but you could show the structure of “manufacturing, trading, profit & loss” by the way you build the chart of accounts in relation to how your organisation views the roles of these components in terms of financial performance.
EG: is manufacturing a cost centre (just expenses without any revenue) or a profit centre (internal sales to recover costs).
The usage of BS control accounts can assist in maintaining separate inventory type balances.
IInventory custom accounts can assist in maintaining how values appear in the P&L.
Good day! i’m having serious problem on how to use production order. a particular raw material is used to produce say 2 finished items (the variance is colour say black and white, or sizes say 12kg and 25kg, how would i enter the bill of materials , waste generated and work in progress if 100kg of raw materials is used to produce 2(12kg)s and 3 (25kg)s and 1kg of waste
Manager cannot currently handle production orders with multiple inventory item outputs. So you will have to manually calculate how much of the input inventory item goes into each output inventory item.
Waste is ignored as an output. For example, if 100 kgs of input product produced 4 20-kg bags of output product, the missing 20 kgs is assumed to have been consumed in production. Its cost will be reflected in the cost of the 20-kg output bags. Your inventory quantities will decrease the input item by 100 kgs and increase the output item by 4.
Thanks for the responses. Pls. Can anyone help show me sample of manufacturing, trading, profit and loss account sample(s) in manager
This is difficult without knowing what accounts you have within each component - such as Manufacturing & Trading. If you can provide examples or a screenshot of your chart of accounts then we can fine tune to suit your situation.