Recording inventory used within the business?
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APCS
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We hire out pressure cleaners, and we use parts from our inventory on the units. I was wondering how i would correctly record the parts being removed from our inventory?
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I just posted, but think it went to cyber space. I would do an inventory adjustment but code to a new expense account "repairs - hire equipment" or similar. That way it shows as expense on your P and L, and reduces your Inventory asset account in balance sheet. That's what we do anyway!0
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