ADD COST TO SOMETHING IN INVENTORY
5/13/08 7:50 AM
Total Views: 696
Total Views: 696
NEW WITH AUTO. MY QUESTION. WE HAVE A SERVICE AND A CAR BUSNIESS. HOW DO I SELL THING TO A CAR FROM THE SERVICE DEPT, SO THAT I CAN HAVE ACCUSAL COST TO THAT CAR. I NEED STEP BY STEP HELP. THEN HOW DO I KNOW WHAT THE COST OF THAT CAR REALLY IS SO THAT WE CAN SELL IT FOR WHAT WE HAVE IN IT.
All Replies: Answers (3)
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5/15/08 12:48 PM
I am a little confused about your situation.
I am assuming you have the car as an inventory part item, and you want to add service and parts costs to that car.
If yes, you can use an inventory adjustment to move amounts from expense and inventory parts accounts to the car inventory item account. Richard
I am assuming you have the car as an inventory part item, and you want to add service and parts costs to that car.
If yes, you can use an inventory adjustment to move amounts from expense and inventory parts accounts to the car inventory item account. Richard
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5/16/08 8:03 AM
yes. How do I do that add cost to cars inventory parts. where do I go. how do I do this. sorry I never have done inventory before lam new to this. I also have another question. how do I add a trade in and pay off loan to a invoice. and do a taxes difference to the trade in we charge 3% on used cars. ever time I add a trade in it just put tax on whole amount. Please help if you can. Thank you for your help.
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Answer
5/21/08 6:16 PM
An inventory adjustment can be made by going to the vendors menu, and clicking ?Inventory Activities?, and then clicking ?Adjust Quantity/Value On Hand?.
At the window that appears, you can move expenses related to a car that have been added to expense accounts, from those expense accounts, to the car inventory part item.
You can do this my clicking the ?Value Adjustment? box, and then making a value adjustment to the car inventory part item. Use the ?New Value? column to add the expense being transferred to the car (the new value = current value + expense amount being transferred).
Select as the adjustment account, the expense account that the expense amount is being transferred out of. Richard
At the window that appears, you can move expenses related to a car that have been added to expense accounts, from those expense accounts, to the car inventory part item.
You can do this my clicking the ?Value Adjustment? box, and then making a value adjustment to the car inventory part item. Use the ?New Value? column to add the expense being transferred to the car (the new value = current value + expense amount being transferred).
Select as the adjustment account, the expense account that the expense amount is being transferred out of. Richard
