Invoicing Our Own Vehicles For Resale?

[Freez]

We buy and sell used vehicles. I make a work order for all of the work we do on each vehicle so we can track expenses for each one. This leaves us with a balance owing at the end of the month that would require us to pay ourselves to clear up the amount owing. How does everyone work around that? Do you setup a different type of payment method? Any ideas would be much appreciated.

[Sauvageaus]

We buy and sell used vehicles. I make a work order for all of the work we do on each vehicle so we can track expenses for each one. This leaves us with a balance owing at the end of the month that would require us to pay ourselves to clear up the amount owing. How does everyone work around that? Do you setup a different type of payment method? Any ideas would be much appreciated.

I created a new "payment method" and label it " Shop Payment "

[ricmorin]

We have a discount called Shop that is 100% parts and labor. We apply the discount and post the Invoice.

[brianp87]

I put the selling price to zero with the cost as it really is and post it at zero. So it shows it as a loss.

[Nperkins]

This is my biggest issue I have with Mitchell.. I want to use it for all of my in house stuff, but I don't want to throw off my revenue numbers..

Does using the 100% discount throw off profit totals?

[ricmorin]

This method does not throw off revenue. You didn't make any revenue on in house work.

Yes, it will affect profit numbers, but doing in house work when you could be doing profit work will affect profit. I prefer true numbers.

[brianp87]

This method does not throw off revenue. You didn't make any revenue on in house work.

Yes, it will affect profit numbers, but doing in house work when you could be doing profit work will affect profit. I prefer true numbers.

Agreed that's why I do it this way.