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For Craftybase to keep a tally of the value of items withdrawn for personal use, you'll need to add a manual inventory adjustment for the material or product each time you draw stock.

In order for your adjustments to appear in your Schedule C tallies, categorize them using the Personal Use category.

Total adjustments made for Personal Use of materials can 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.

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