On Thu, 2006-11-09 at 09:00 -0600, Oscar A. Valdez wrote: > We are a small power generator that purchases fuel and converts it into > electrical and heat energy for sale. > > I've looked at the manual's section on Inventory, and it doesn't seem > like I can have a fuel inventory and periodically consume it to produce > energy for immediate sale (can't be inventoried). That would seem like a > Job Costing or WIP functionality that doesn't seem to be there in > SQL-Ledger. > > Am I wrong? > Just a thought from a layman. IANAA
Fuel used in operations is an expense item. You may buy it, and have some quantity on hand, but it is consumed as overhead in the production of energy. It should not be treated as inventory for this purpose. Energy can be treated as a service, since it is not tangible inventory. It can be sold by the unit, similar to service hours, and cannot be stored. Invoicing goes to AR. Overhead (consumables, labor, etc.) OTOH, is an operating expense that should be treated as expended as soon as it is received/paid for. Its usage impacts profit and detracts from income revenues. It goes to AP then gets paid from income. > If I am right (i.e., I can't do what I want), I'd appreciate suggestions > on how to account for my fuel inventory and my energy sales. > > Thanks in advance. ------------------------------------------------------------------------- Using Tomcat but need to do more? Need to support web services, security? Get stuff done quickly with pre-integrated technology to make your job easier Download IBM WebSphere Application Server v.1.0.1 based on Apache Geronimo http://sel.as-us.falkag.net/sel?cmd=lnk&kid=120709&bid=263057&dat=121642 _______________________________________________ sql-ledger-users mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/sql-ledger-users
