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Created by AgExpert Support
Created on Dec 30, 2012

Disqus Agexpert Accounting Questions Archive

How are people entering pre-buys (fert.chem.seed) that are purchased on input lines (FCC CPS Input loan)? 
I have entered it as a "deposit" of $0. Then in the transaction entered as an expense for fertilizers for the dollar amount and as an increase loan addition to FCC CPS for the dollar amount. Do I have to manually enter the inventory so that it shows in the net worth or am i missing a step?

  • ADMIN RESPONSE
    Feb 10, 2025

     DHFarming - was just thinking about something today...is your pre-buy intended for the current fiscal year, or the next?
    Also - just to clarify, the initial transaction choice to choose is typically 'withdrawal' (not deposit). Though because you're using the input line, the value is still $0.

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