In MYOB Accounting Plus, transferring stock is the process of changing the quantity and total value of one or more items (known as components), to change the quantity and total value of at least one other item (known as a finished item). You can also change the quantity and total value of one or more finished items to change the quantity and total value of other finished items. You can use a single transaction, known as an stock transfer, to make these changes.
Stock transfers are useful for manufacturing businesses. For example, in a woodworking business, you could create a stock transfer to turn components like lumber and tacks into finished items like furniture.
Transferring stock is even simpler if you choose to automatically build finished items using Accounting Plus's auto-build stock feature.