Tagged: custom crush
This was asked by a member:
What is the best method to track client income? What type of account would this be? In the costing book, I have created client’s inventory as part of my own to get an accurate idea of what is costing me to make wine (still working on this). Is this the correct way to think about their wine? The only income is from what they pay me to make their wine – but there is a COGS to making their wine. Can you untangle this for me?
First make an income account called “Custom Crush Income” or “Custom Crush Fees” and a COGS account called “COGS Custom Crush”. You should also make a Class called “Custom”, but you could use your “Other” class if you don’t do much custom crush.
You will need to make at least one item that points to this account so that you can use it on invoices. One item is fine, because you can use the description field on the invoice for the details of the charge.
For the cost, yes, the client’s bulk wine will show up on your costing book. The key is that at the far right of the costing book, between the Subtotal and the Ending cost you will need a column to remove the cost so that the year end cost (yellow cells) is zero. So the gallons for a custom crush client show up with beginning and ending gallons, but the beginning and ending cost are zero. You enter cost that was moved off in a journal entry (the green cell). Note: In the screen shot of the costing book, I had to hide a lot of columns and rows to get this to fit.
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