Job Costing Stock Items
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how do I job charge and item from stock. We buy material to place in stock and I want to job charge it as it goes to a job.
Answer
Lots of ways, My favorite work around:
1. create a fiticious job called "Stock"
2. when you buy stock materials (not inventory tracking) using non-inventory items or other charge items, assign the Stock job.
3. When you need to shift the cost from Stock to Actual job use a -0- check method.
4. On a Write Check form, assign a fiticious bank account at the top, called Allocations.
5. On the Write Check form use the items tab, row one enter a negative amount and assign the Stock Job. on line two enter a positive amount and the actual job.
You have to know what your cost for materials are since you are not truly managing inventory.
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