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Applying Products in the Inventory Tracker
Applying Products in the Inventory Tracker

How to apply or use the products you've got on hand

Alexandra Henley avatar
Written by Alexandra Henley
Updated this week

If you've used one of your products on the farm for your crops or your other production types, and you'd like to track this movement on Figured, then you'll need to Apply it in your Inventory.

Your Inventory can keep track of the costs that have contributed to your production.

Head into your Inventory by going to Operations > Trackers.

Once in there, click Add transaction > Add application.

You can only add an application for products you have on hand in your Inventory.

Application information

When adding an application transaction, you'll need to enter the following information:

Type (actual / forecast)

The ability to add it as an actual or forecast depends on your global date settings at the top of your screen.

Application date

This is an accrual or profit date. No cash date is required, as applying a product doesn't impact your bank account's bottom line.

Notes

This can be any additional notes you want to record against an application.

The item you're applying (using)

You can select an item loaded into your Inventory using the drop-down menu. You can also confirm how much of this product you will use. Once you’ve confirmed all of the above information, click next.

The associated account (sales/purchase)

This is your preferred accounting account, which should be associated with the application of the product.

Quantity and price

The quantity of product you're applying - this can be recorded as a total unit or unit/area, e.g. tonnes/hectare.

You'll also enter a price of $ / unit, e.g. $ / kg. Filling in the quantity and price will auto-populate the total amount for you.

Tracker and Field Distribution

Select the tracker you are applying the product. You will also see what fields are used in this tracker and review the application rate and cost/income per field.

For example, if you are growing wheat across three fields and want to apply fertiliser to each field at different rates, you can manually adjust this once you select your tracker. Once you are happy with the distributions and use of the product, click save.

💡 IMPORTANT: Products will have a category associated with them, if a product category is ‘Crop’ you will ONLY be able to distribute it to a crop tracker. If it is any other category it will only be able to be distributed to the Inventory.

Learn more:

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