The Inventory tracker is where we store your crop harvests before you sell them, and your consumables before you use them. Keep track of your inventory here in order to:
Manage the products used on your farm
Review and record inventory movements, both planned and actual
View on hand quantities and values
Switch between homegrown & purchased inventory to view, edit, and create transactions
You can reach it by going to Operations > Inventory, or through the Trackers page.
The inventory tracker lists all products you have available for a particular year, with the ability to click into actual or forecast movements, showing the ins and outs for that particular product. When you click into the Inventory page in Figured you will be on the summary tab. This is an overview of the opening, movements, and closing for all of your farm products. You can switch between viewing either the quantities or the cash values.
From there, you can click into the particular Type of movement (e.g. Harvests) which will take you to the filtered View transactions page. This page is useful for seeing all of your product transactions, you can sort by a whole range of filters like product, tracker, type, date etc. Use the Tools option here to export a list of these product transactions.
When you’re in the inventory tracker you can record different transactions, like sales & purchases of products. There are a few ways to put products into the inventory tracker - either by setting opening balances, adding them through transactions, or by sending purchases through via the allocations tool. Switch over to the homegrown or purchased tab to add these transactions in easily via the grid.
The homegrown tab shows the crop type products, broken down further by transaction type (like harvest or sale). This gives a clear picture of your homegrown crops, what you started with, and what changed in the year to give the closing position. The purchased tab works in the same way (for products purchased into the farm), but when creating transactions here you'll also need to select an account.
A big reason to use these tabs is the ability to enter transactions easily, directly in the grid. For example, you don't have to create harvests in each individual crop season tracker, you can do them all here.
When using Homegrown Inventory, you'll also notice the Valuations button appearing. This will take you to Homegrown Valuations, and after completing the valuations the value ($/unit) when creating transactions will populate automatically.
IMPORTANT: Products can be set on a per farm basis meaning you can customise which products are available on each farm. You can enable or create new products by clicking on the Product List. See how this works here.