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Sari Friske-Schlosser

basic inventory question!

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Ok- bare with me as I've never used Sage inventory- Our company currently has lumber that is purchased and put into an operating expense then allocated to projects as it is used by adding the job numbers into the original purchase invoice allocation. I would like for all incoming lumber to be put into our lumber inventory and then allocated from the lumber inventory to a specific project as it is used so we can keep a consistent accurate count of our lumber as opposed to making monthly adjustments to the lumber inventory. Can someone help me with set-up/process for this?

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    Hello Sari Friske-Schlosser,

    The project module in the software works by allocating journal entries on specific transactions to projects so that they can be reported on. If no entry is made, then you can't allocate something to a project. If you change to purchasing a lumber inventory item on your purchase invoices without allocations, then you'll need to make additional entries when you want to allocate them. Typically, project allocation would be on sales invoices. It doesn't sound like that is how you are using it currently. The other option would be to allocate inventory adjustments. You can save a copy of your file to test with if you'd like to run through how various options work before you update anything in your current company file.

    Hopefully that helps.

    Thanks,
    Chris Parrish

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  • 0

    Hello Sari Friske-Schlosser,

    The project module in the software works by allocating journal entries on specific transactions to projects so that they can be reported on. If no entry is made, then you can't allocate something to a project. If you change to purchasing a lumber inventory item on your purchase invoices without allocations, then you'll need to make additional entries when you want to allocate them. Typically, project allocation would be on sales invoices. It doesn't sound like that is how you are using it currently. The other option would be to allocate inventory adjustments. You can save a copy of your file to test with if you'd like to run through how various options work before you update anything in your current company file.

    Hopefully that helps.

    Thanks,
    Chris Parrish

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