The Livestock Calculator in Access Ledger automatically performs the following:
Creates and posts the journal for the closing stock / stock on hand values and quantities.
Creates a balancing entry for the livestock quantity, configurable post to Natural increase, Deaths or Closing Stock.
View and update livestock details
Once the livestock trading account is added, it appears on the left-hand side of the page.
Click the account to view Livestock calculator on the right-hand side of the page.
From the Cost calculation method dropdown list, select the valuation method from the following options: Average Cost or Market Value.
If you have chosen the Average Cost calculation method, enter the value in the Natural increase unit price field.
If you have chosen the Market Value calculation method, enter the values in the Closing stock value and Natural increase unit price fields.
Upon entering the valuation method and values, if a message indicates that the accounts assigned to the livestock categories do not have an assigned source code, check the following:
An account is allocated for each livestock category in the Livestock trading account window.
Source account is assigned for the source type used in this dataset in the Source Accounts tab.
The system automatically calculates the closing stock / stock on hand values.
If you know the value for any cell (Natural increase, Deaths or Closing Stock) with a scale icon, you can double-click the cell and edit the value.
Upon entering the values, if a message displays indicating that the table is not balanced, double-click the relevant cell to balance the table. Once done, the system automatically balances the remaining amount.
To save the livestock calculation details and post the journal click Save and post.