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Pricing and accounting for exclusive products

GDR
06/08/2022
Vraag

We are in the process of setting up a small shop where exclusive products are also offered between 300 and 3000 euros (can be considered art). These were purchased as trade goods and booked as such in Dexxter. However, we would like to keep some items out of sale for a while and leave them in our shop as decorative items for 2-3 years, for example. Only then would we sell them.

Can these simply remain as trade goods in the accounts and also be included in inventory until we sell them, or do we have to record them as furniture and write them off? In the latter case, how do we make the transition in the accounts available for sale? It may also be that an item can suddenly be sold earlier if a good offer is made. So, in fact, it is then available as trade goods and is in inventory. However, we would prefer not to price the exclusive items in the shop. There is room for negotiation and it deters customers. We do price the more affordable products. But the law says that all products in a shop must be clearly priced. If we are inspected, must the accounts also correspond with our intentions? That is actually the root cause of the question. We do not wish to price the more exclusive products.

On the one hand, that's a tough question, but on the other hand, it's quite detailed :) I hope someone else can help you, as I have no total experience with this myself.

I was attracted to the title of the post, so I opened it. With my response, I will also follow if anyone answers ;)

Good luck!

Frankie

Haha, thanks Frankie :)

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