How do I account for internal items?

Summary

This article provides guidance on how to account for goods used within the business e.g. stock items used in the workshop.

More Information

Stock used within the business should be charged out to account for the cost to the business and ensure your stock levels remain accurate and up to date.

To charge out the stock items you will need a suitable customer account code and nominal code. See How do I create an internal account?.

• Create a parts invoice for the items being used within the business e.g. disposable goods for the workshop.
• Print the invoice as usual and mark it as paid.

The payment will default to the payment centre as set on the internal account as opposed to the usual cash, cheque or credit card options.

See also

• Internal Accounting
• How do I create an internal account?
• Selling stock in Invoicing and Customer Orders

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Keywords AND Misspellings

creating, internal, charging, consumables, uniform, staff, workshop, own use, cost, cost price, pricing

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