Recording inventory used within the business?

APCS
APCS Member Posts: 1 Novice Member Novice Member
edited October 2024 in Reckon Accounts (Desktop)
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? 

Comments

  • Janelle Knight
    Janelle Knight Member Posts: 51 Reckoner Reckoner
    edited January 2019
    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!
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