Materials Given As A Gift / Charity

Two possible methods of handling materials given as a gift or charity are as follows:

1 - Simply use the inventory adjustments function (hammer and screwdriver) to remove the inventory.

2 - The more comprehensive method is to create a burden order in the system. This is typically an order with the customer of your company. These are often kept open for a month, quarter and sometimes a year. Throughout the time period, as materials are given away for various purpose (gift to school, gift to unhappy customer), a line is added to the burden order with appropriate notes on the line, with $0 selling price. At the end of each period, the burden order is jobcosted and an accurate record of all "gift-costs" are recognized on that invoice.