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Status Answered
Created by AgExpert Support
Created on Nov 8, 2016

Disqus Agexpert Accounting Questions Archive

How can you go back and add another commodity to your data file if it was missed in the initial set up of the company file?
Is there an easy way to do this? For example, I missed adding Canola...

  • ADMIN RESPONSE
    Feb 10, 2025

    Hi Stacey, easy! For enterprises like oilseeds, grains and livestock, go to the setup menu and click enterprises. You can add them here. Afterwards, you need to go to the chart of accounts and edit your income and expense accounts to account for that new enterprise. You do this one account at a time, first clicking the account, then edit, and then by selecting the binoculars under the enterprise section. Save the changes. If you are referring to adding a new crop in the software, this is done through the setup menu > chart of accounts. You'll want to add an inventory account under assets, an income account under the income section to account for the canola sales, and then an expense account to represent the canola seed purchases. When you add the income and expense accounts make sure that under the inventory account section you link it to the inventory account you created earlier. If you have any other questions please let me know. Thanks! :)

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