Auto Aging transactions can be created with just a click of a button on all eligible stock numbers in the Livestock Tracker. Figured contains settings in the background which allows the system to identify the correct aging of a livestock, e.g. any closing R1 Heifer livestock will auto-age into R2 Heifers opening stock.
To do this simply select the Tools button at the top of screen, and choose whether you wish to Auto-Age all Forecast or Actual stock numbers.
At this point you will get a confirmation popup to confirm and stating this will remove any existing aging transactions between stock classes in this budget year, and age the entire opening quantity of each class into its default mature stock class.
These auto age transactions will be created on the first day of the budget year, with Figured automatically creating the aging-in transaction. If you wish to edit an aging transaction, you will always edit the aging-out transactions.
Aging transactions significantly impact the valuations of livestock by reclassifying younger stock into their mature categories, thereby altering their value. As animals age, their value typically increases, which is reflected in the financial records. By automatically aging stock, the system ensures that the valuations are up-to-date and accurate, providing a more realistic picture of the livestock's worth. This process helps in better financial planning and decision-making by aligning the stock's valuation with its current market status.