Day 5: Inventory Command Centre
Key terms and concepts
• Stock: the items a trading business buys and sells; for example, the stock of a paint store would include cans of paint cans and rollers.
• Inventory: a listing of items or stock the businesses purchases and sells.
Introduction and overview
Day 5 introduces you to the Inventory Command Centre (see figure 5.1, overleaf). In this area you can create inventory items, set prices, adjust or count inventory levels, and combine inventory through the auto-build processes. The MYOB package AccountRight is a basic inventory management solution. Even if you don’t use inventory, it’s worth understanding what can and can’t be done here, to see if it will benefit your record-keeping system.