Accounting for tools and equipment
Our Expenses feature is being renamed to Purchases from 21 June 2023. More details →
Tools and equipment that are not consumed in order to create your products can be entered as an overhead cost using the default category of Tools & Equipment (or a custom category of your choosing).
This will be tallied as an indirect cost and not included in your inventory valuation or COGS.
Optionally, you can also create a non-inventoriable material for the purposes of tracking specific details about the tool - this can then be associated directly with a purchase to provide you with your complete purchase history.