Inventory for custom builds

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AmandaVan
AmandaVan Member Posts: 2 Novice Member Novice Member
in Accounts Hosted

Good day,

Hope someone can help, we currently buy raw material that gets cut either smaller or modified to create other parts and powdercoated. These various parts then get used to create product that gets installed at customers, but problem is it is not always exact same sizes. Currently our items is set-up as non-inventory items that goes straight to COGS and we then just do stocktake every quarter and journal to Inventory account. We now want to have the raw material go straight to inventory so we can track when we need to reorder and keep track of total amount used per job. Our clients is on progress payments 10/40/40/10% so not sure how to go about setting all this up.

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  • Acctd4
    Acctd4 Accredited Partner Posts: 4,032 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Hi @AmandaVan

    You would need to use Inventory Items (rather than Non-Inventory) & allocate the base UOM & related UOMs that apply, in order to properly track the quantities on hand 😊

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! *** Bookkeeping & 1-on-1 customised software Training/Troubleshooting ***

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    Accounted 4 Bookkeeping Services

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    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)

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