Inventory Costed to a Project
I am trying to find the correct way to cost stock inventory to a project. The stock inventory items have been created in QB. I created a PO to the vendor and listed them under the Item Details section and assigned them to the project. When the items arrived I converted the PO to a bill, left the inventory items under Items Detail and assigned each to the project. The items then were the in our inventory system, but the bill was not showing up as costed against the profit margin for the project. I thought at first that this was because it wasn't paid, but after paying the bill the cost does not reflect in the profit margin of the project.
Under the project Transactions, everything is showing up that is assigned to the project(PO's, expenses, bills, etc.) but it seems that only "expenses" are going against the profit margin of the project. Under the bill, if I add a arbitrary line item under Category Details with an amount and assign it to a project it adds to value to the aggregate of the bill, which throws the chart of account out of sink, but that added line now shows up going against the project while the rest of the costs in the Item Details remains invisible to the project profit margin.
I can move the actual inventory quantities to COGS via the inventory qty adjustment, but during that step you can't assign it to a specific project. This is okay since the chart of accounts will be correct, but the problem still remains of how to reflect those costs itemized in the bill to the project.