inventory control

Record Inventory Usage

Last Revised: 12/31/18

Record Inventory Usage is used to report the removal of items from inventory for your our internal use. It should not be used for items that would appear on a sales order, whether sold or given away as a sample, nor for items that are transferred to another warehouse, used for the building of an assortment, assembly, or for product returned to a vendor.

 

Example: Let's say that you sell cameras and batteries. Customers can purchase cameras and batteries.  But sometimes, you take a battery out of stock in for use demonstrating a camera. The battery will not be sold, but required for demonstration purposes. This is a good use-case for "Record Inventory Usage".

 

Use General Ledger Interface Maintenance (GLU) to set the "Used in House" account number in the Inventory section. Dynamo will credit inventory, and debit this expense account at the end of the day, for any item removed from inventory for in house use. The "Inventory Used in House" report on the GLR menu can be used to list all items used within a period of time. This report can be used for state Use Tax reporting.