Vehicle for sale

Recently our company has started selling vehicles. I need to set up each vehicle as a cost object (I say cost object because I have considered doing and inventory item or perhaps a project) that needs to have the ability to have costs added to it such as any mechanical repairs, cleaning, specific advertising costs and any other enhancements. Would someone know how I can achieve this. I am using Sage 2016 premium. Thanks for any suggestions.

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    If you choose to use inventory items, you probably should create a new item for each vehicle, and use the inventory functionality (adjustments, item assembly, or a Purchase Invoice) to add your work order costs / internal services.

    You could use Serial Number tracking, but unless you're disposing of a fleet, you likely won't have identical items anyway.

    You could use Projects, but be aware that Projects are a reporting tool only. If you wanted to keep track, and report, on which manufacturers / vehicle models you were buying / selling, Projects could work as a tracking method.

    I don't know enough about the specifics of your business - it depends on a lot of things, including the volume that you will be handling. You may want to discuss this with a Sage Certified Consultant or your Accountant before heading off in a direction that could become a dead end.
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  • 0
    If you choose to use inventory items, you probably should create a new item for each vehicle, and use the inventory functionality (adjustments, item assembly, or a Purchase Invoice) to add your work order costs / internal services.

    You could use Serial Number tracking, but unless you're disposing of a fleet, you likely won't have identical items anyway.

    You could use Projects, but be aware that Projects are a reporting tool only. If you wanted to keep track, and report, on which manufacturers / vehicle models you were buying / selling, Projects could work as a tracking method.

    I don't know enough about the specifics of your business - it depends on a lot of things, including the volume that you will be handling. You may want to discuss this with a Sage Certified Consultant or your Accountant before heading off in a direction that could become a dead end.
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