Accounting for tools and equipment

Tools and equipment that are not consumed in order to create your products can be entered as an overhead expense using the default category of Tools & Equipment (or a custom category of your choosing). 

This will be tallied as an indirect expense 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 the expense to provide you with your complete purchase history.