Accounting for personal use materials

For Craftybase to keep a tally of the value of items withdrawn for personal use, you'll need to add  a manual inventory adjustment for the material or product each time you draw stock.

Categorizing the manual adjustment with the "Personal Use" category will make them appear on your Schedule C report, however you can use any category you wish if you don't need it to appear on this report.

Total adjustments made for Personal Use of materials can then be viewed on your  Material Adjustment Report

Total adjustments made for Personal Use of finished product can then be viewed on your  Product Adjustment Report

The  Schedule C Report (Part III Cost of Goods Sold Line 36) calculates the total material cost of all material and product personal use adjustments.