How to Set Up Raw Materials in Biztory (New Vers.)

Learn how to add and manage raw materials in Biztory for accurate inventory and cost tracking.

1. The first thing you need to do is create a new product under Products/Services for your raw materials. Click on Products/Services and select 'Products/Services'.

2. Click on Add New

3. Click on Normal Product

4. Example : Flour (Raw Materials)

Enable 'I sell this product or service' (Sales)

5. Enable 'I purchase this item from supplier' (Purchase)

6. Enable 'Track the quantity of this product'

(Allows you to see how much stock is available in the system.)

7. Enable 'Auto-record this product to inventory journal'

(Allows you to view the inventory journal entry record.)

8. Click on Save

9. To buy the product, click on Purchases and select 'Purchase Invoices'

10. Click on Add New

11. Fill in the details

12. Click on Save

13. Click on Journal Entries

14. When you buy in the product (raw materials) the journal will be 

Debit - Purchase 

Credit - Creditor

How to record the Product for selling

15. Click on Products/Services and select 'Products/Services'

16. Click on Add New

17. Click on Normal Product

18. Create a new product under Products/Services, for example, "Strawberry Cake".

19. Enable 'I sell this product or service'

20. Enable 'Track the quantity of this product'

21. Set the Selling Price

22. Set the opening cost

(Set the cost and selling price so the system can capture your COGS when the product is sold.)

23. Enable 'Auto-record this product to inventory journal'

24. Click on Save

25. Click on Accounting and select 'Journals'

26. Click on the three-dot menu

27. Click on View

28. The stock journal will auto-generate 

Debit - Inventory 

Credit - Closing Inventory

29. To sell your finished goods, click on Sales and select 'Sales Invoices'

30. Click on Add New

31. Click on Sales Invoices

32. Fill in the invoice with the finished goods product — Strawberry Cake

33. Click on Save

34. Click on the sales invoice

35. When you selling your product(Finished Goods) - Strawberry Cake 

The Journal will be Debit - Closing Inventory 

Credit - Inventory 

The system will capture your cost and display the figures in your Profit & Loss statement for COGS calculation. 

COGS = Opening Inventory + Purchases – Closing Inventory.