Hello, we have recently installed BC at our Winery. We currently have Farming Costs hitting a series of GL accounts that are recorded in Cost Centers based on specific vineyards (7010 - Napa Valley Vineyard). At the end of the month, once all costs are captured in that Vineyard Cost Center, we calculate the total expenses (net income line) that hit the Cost Center, record a credit in an Allocation-to-inventory account at that cost center, and Debit a Crops-in-progress account on our balance sheet.
The system we moved from, had the ability to automatically calculate and post this entry for us. Is there something similar available in BC? Or can someone give me other ideas on how to accomplish a similar process?
Are there other ways of capturing the costs that roll into inventory than what I've outlined here?
