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SimoneatNBBM
May 14, 2024
Question

goods not for resale

  • May 14, 2024
  • 1 reply
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we are a janitorial company that buys supplies for operating cleaning our clients offices not all supplies are resold. i have mops, handles, buckets, etc that are not invoiced they are for our use. how do i categorize these supplies i need steps please. thank you.

1 reply

BigRedConsulting
BigRedConsulting
June 2, 2024

If you use inventory items for these things, then create an inventory adjustment for them when you pull them from inventory to use them.

 

If not, then you can create a Journal to remove them from whatever account you used when you purchased them and use a cost account (expense account, usually) for them.

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