Dear Sir/Madam,
I create necklaces, bracelets, earrings, etc. myself. I do not purchase these items, but I do purchase the components. I was wondering whether I need to keep track of the components in inventory. These are individual beads, etc. Some of them are wafer-thin pearls, which are almost impossible to count. That is why I was wondering.
Thanks in advance!
I don't know if what I'm doing is correct, but I try to use up all my materials as much as possible in the earrings I sell by the end of the year. That way, I can divide the total price of trade goods by the number of items I've created. At the end of the year, I calculate the sold items and that tells me which amount of stock will carry over to the next year.
Of course, you don't have to count these, a good estimate is sufficient.
Best regards,
Louise
www.ticenits.be
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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