We have a facial business and sell the same products we use in the facials. When we run out of product in the facial room, we will take from the shelves. What's the most appropriate way to update our inventory when we do this? The only options available are Inventory Re-count, Damage, Theft, Loss, Return. The most appropriate option seems to be "Inventory Re-Count". The other idea we thought of was to "purchase" the item, and use a discount code or something that brings the bill to $0.00. Not sure what the best thing to do from an accounting perspective is.
Hi @ProfImageEnhcmt, thanks for bringing this up here.
Interesting question—at this time, our inventory is set up to track items that are sold to customers and clients. At this time, the option to track an item's status as it changes from a retail shelf to being included with a service is not available.
For now, you might want to touch base with a CPA or tax professional for advice on how to proceed. I would suggest having a look at some of our accounting partners as they may offer a suitable solution. To view, head over to your App Marketplace tab > Accounting & Tax.
Hope this helps get you in the right direction! Please let me know if you have any further questions.
Were you able to get a good answer to this question? We run a pool cleaning service, where chemicals are used on service trucks and sold in the retail store, and would like to get some ideas on how best to account for use of chemicals that are not actually "sold."
Hi there @SeminolePool - Thanks for your post.
ProfImageEnhcmt got a reply from one of our Seller Community Moderators, Tom, here on the thread.
I hope this information is helpful but please do let us know if you have any additional questions.
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