Relieving Stock

- Make them a standard cost item in your part master with a standard cost of
$0.00.

Greg Clauser
Lakin General Corporation
gclauser@... <mailto:gclauser@...>

-----Original Message-----
From: sarah.vareschi@... [mailto:sarah.vareschi@...]
Sent: Thursday, August 02, 2001 8:22 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Relieving Stock



Here's our situation: We buy nearly everything to a job. However, there
are some low-priced items that we keep on-hand (such as screws, bolts, wire,
paper, office supplies, etc.). When we buy these items, since they are low
in cost, we expense them to an expense account, even though they will later
be used either on jobs or as supplies. Therefore, we NEVER have anything in
any inventory G/L accounts.

The problem I have is if these parts are in our part list (which many of
them are), although we expense them on the G/L side, they are still getting
accumulated in our inventory and sitting there, never to be dispositioned.
We have been oon Vantage for nearly 2 years, and the total of these types of
tiems sitting in the system is almost $20,000. These items have all already
been expenses on the G/L side of things. What is the proper way to remove
them from our inventory? We must be doing something wrong that this is
happening, does anybody know the best way to handle this situation?

Thanks!!!

Sarah


[Non-text portions of this message have been removed]


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Here's our situation: We buy nearly everything to a job. However, there
are some low-priced items that we keep on-hand (such as screws, bolts, wire,
paper, office supplies, etc.). When we buy these items, since they are low
in cost, we expense them to an expense account, even though they will later
be used either on jobs or as supplies. Therefore, we NEVER have anything in
any inventory G/L accounts.

The problem I have is if these parts are in our part list (which many of
them are), although we expense them on the G/L side, they are still getting
accumulated in our inventory and sitting there, never to be dispositioned.
We have been oon Vantage for nearly 2 years, and the total of these types of
tiems sitting in the system is almost $20,000. These items have all already
been expenses on the G/L side of things. What is the proper way to remove
them from our inventory? We must be doing something wrong that this is
happening, does anybody know the best way to handle this situation?

Thanks!!!

Sarah


[Non-text portions of this message have been removed]