adding a cost to an item from Chart of Accounts

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Posted on by Harple79

Hi All,

I hope you can help me out here. We are a retail store, so normally we get our items from a vendor and sell to the customer. No problem. however we have a one off issue. I have product A that came in from Vendor A incomplete. I have to use product B to complete Product A. I can internal use Product B to a GL account, but how do I take the cost of product B and account for it for Product A.

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Inge M. Bruvik 32,748 Super User 2024 Season 1 on at

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RE: adding a cost to an item from Chart of Accounts

I am glad you figured it out :)
Harple79 65 on at

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RE: adding a cost to an item from Chart of Accounts

I got it figured out. If I remove the items with Item journal it will put the cost into the inventory adjustments GL and take it out of inventory. When I do the Item Revaluation (as long as I record the exact cost) it will balance the same accounts. Thank you!
Harple79 65 on at

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RE: adding a cost to an item from Chart of Accounts

Thank you for the quick reply. I am not familiar with the Manufacturing part of the program. I can not seem to find a way to consume Item B without increasing the quantity of Item A.
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Inge M. Bruvik 32,748 Super User 2024 Season 1 on at

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RE: adding a cost to an item from Chart of Accounts

What you can do is to register consumption of Item B and then do a revaluation of Item A and Item B

You can read about revaluation here:

bc365.co/.../