Hi all,
We are a small carpentry company with no inventory. We charge customers material and labour, however the material is usually purchased from the hardware store and is charged to the respective project. Recently, we have started to "stockpile" material for rainy days when the hardware store is either closed or don't have a specific project. We've never worked with inventory before. How do we go about setting these materials up in our system? Normally, this material would just be inputted as a purchase on our end, but since we aren't allocating it to a specific project as we aren't using the material at the moment, we were thinking about setting it up as inventory although I've never dealt with this and wouldn't know where to start. Any information would be helpful!
Thanks!