How do you account for inventory items with different units of measurement in voucher entries?

Accounting for inventory items with different units of measurement in voucher entries requires careful attention to ensure accurate record-keeping and reporting.
Step 1: Identify the Inventory Items:Determine the inventory items that have different units of measurement.By using Alternate units can be maintained different units of measurements . For example, one item may be measured in units (e.g., pieces), while another item may be measured in weight (e.g., kilograms).
Step 2:Create Conversion Factors:Conversion factors between the different units of measurement for each inventory item. These factors will be used to convert the quantities from one unit to another. For example, if one item is measured in kilograms, and 1 kilogram equals 10 units, then the conversion factor is 10.
Step 3:Apply Conversion Factors:If the transaction involves inventory items with different units of measurement, apply the appropriate conversion factors to ensure uniformity. Convert the quantities to the primary unit of measurement used in our BUSY accounting software.
Step 4:Calculate the Total Value:Multiply the quantities of each item by their respective rates or prices to calculate the total value of each line item in the voucher entry.
Step 5:Monitor Inventory Reports:Regularly monitor inventory reports, such as stock summaries and stock ledger, to ensure that the inventory balances are accurate and reflect the correct units of measurement.