Screenshots
1. Two steps are needed when assembling parts using the Inventory Cost Manager. First a Sales Receipt (Parts List) is created to issue the components for the completed part.
2. Next, the Inventory Cost Manager is used to calculate the cost of the finished parts and to create a "cost adjustment" to import into QuickBooks. The main screen of the Cost Manager is shown below.
3. Inventory Cost Manager creates a cost sheet for the completed part.
4. After importing the "cost adjustment" produced by the Inventory Cost Manager, the Inventory Valuation Detail report will show all the activity under the reference number of the Sales Receipt (parts list).
5. Non inventory items are used to store rates and accounts used in the adjustment process. You can have any number of non-inventory items. Following is a sample item for labor cost. You could have several labor items for machining, assembly etc., each with its own labor rate and account to credit.
6. Labor, overhead and other cost added to inventory by the ICM are credited to the "Income Account" noted in the non-inventory items Edit screen..
