Re: [SL] Accounting for fuel inventory in a small power generator

[Paul T. <pt...@wa...>]

Michael Hasse schreef:
> Speaking to this a little further, some of our products are  
> "whiteboxes", which are PCs assembled by us from components purchased  
> wholesale.  Our assemblies include a line item for the typical total  
> shipping cost of the components and also a figure for the calculated  
> labor cost of purchasing, assembling, etc.  In this case of course  
> we're going the other direction, taking an intangible and making it  
> part of a tangible.
>   
In those circumstances I strongly suggest you use a service item for the 
services and an inventory item for the goods.
An assembly of goods and services should then give correct figures for 
hardware (inventory) and COGS one way.
And as a bonus, revenue for services the other way..