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Peppol deadline: 01-01-2026
00

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Stock – hobby to secondary occupation

KDR
25/12/2023
Question

Hello,

I will soon be turning my hobby into a secondary occupation. Reparations and restorations of electronic (antique) equipment.
I started making an Excel spreadsheet with my current inventory and the market price.

The idea was that I would ‘buy this stock from a private individual’ as I don’t have invoices for most of it. I have now processed the parts I need most.

  • Can I buy parts that I don’t use very often when I need them for a repair? Or is this a bad way of working? If I were to buy my entire inventory, I would not have a profitable business in the coming years.

  • To what extent is a detailed stock list a requirement? Some parts are only a few millimetres in size, making them difficult to quantify. Is it sufficient to make an estimate?

Thanks in advance.

Hi,

Good start buying your raw materials from a private person! You can indeed buy these raw materials when you need them. As for your inventory: it is important that you keep track of the value of your inventory. So the purchase value of everything you purchased but have not yet sold. You don't need to keep track of the exact amount of screws and nuts in Dexxter. I hope that is an answer to your question. Best regards, Adrie

I am also struggling with the next:

Suppose I buy a broken radio. I cannot do anything with that radio, but I can still use various parts from it for other repairs. Is it correct to enter it as follows?

Expenses: Radio

Income: All separate parts

There is no proof of purchase from those separate parts, only for the radio.

Kind regards,

Yes, that seems fine to me. I would think those are professional purchases for you.

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You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.

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