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AmyBobs
Jul 7, 2014, 06:56 AM
A customer has paid for raw materials used to manufacture a finished good. The vendor has already been paid and the items have been received in inventory. How do I account for the receipt of the transaction paid by the customer for raw materials?

paraclete
Jul 12, 2014, 05:21 PM
you would record the quantity in inventory records with no value, alternatively show the transaction in inventory with credit to the customers account, the nature of the transaction must be analysed to ensure the correct treatment