Established company starting inventory for first time.

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!

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    Hi Clynn, Sage 50 CA have 2 type inventory; Inventory item or service item, where inventory item you can use it to buy and sell , keep track of you cost, margin etc. and use item to build/assembly build with additional cost. Service item just charge for services with revenue and expenses; not tracking cost. From your example sounds like inventory item and assembly module might work for you. I would recommend you can try open sample company and test the feature out.