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July 11, 2020
Question

I am a dairy farmer and I want to record sales of livestock? Per number of head and price per head?

  • July 11, 2020
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1 reply

July 11, 2020

I'm here to ensure you're able to record your sales of livestock in your QuickBooks Online (QBO) account, @ppelusofarms. This way, you can keep track of your income and monitor your transactions effectively.

 

Let's first add an item through the Products and Services page. This is to record the price per head of your livestock in the Sales price/rate field. With this, the amount will automatically reflect in the sales transaction. Let me guide you how.

  1. Go to the Gear icon.
  2. Select Products and services.
  3. Click the New button.
  4. Choose Inventory in the Product/Service information window.
  5. Enter the Name and all other necessary details.
  6. In the Sales price/rate field, enter the amount.
  7. Click Save and close.

 

I've attached a screenshot below that shows the fifth to seventh steps.

 

After that, you can use the newly added products/items into your sales transactions (invoice or sales receipt). With this, you're able to record the sale per number of livestock heads sold. Just go to the + New button to create one.

 

To keep your books accurate, I'd recommend consulting your account. They can also recommend other ways on how to properly record your livestock sales according to the ATO guidelines.

 

You can keep track of your inventory items by pulling up an inventory report. With this, you're able to see what are your best sellers and check what's still in stock. For the complete list of available reports and their description kindly refer to this article: Use reports to see your sales and inventory status.

 

Please let me know if you have other concerns. I'm just around to help. Take care always.