We have set parts up as Expensed in IFS. We have added them to the BOM’s as Non-Consumable for tracking purposes and zero cost only. When we do a receipt the part still goes into inventory but will never get issued out since it is non-consumable. These are truly expense type parts ( chemicals ) that we do not want to track in inventory.
Any ideas ?
Expensed parts that are entered into the system for tracking purposes only, typically get cycle counted periodically.
+21Hi
We currently have 22 expense inventory parts setup and each month we do a count and we perform a count out to remove any used or consumed parts.
Regards,
William Klotz
+3Hello,
What’s expense inventory? Is this just an inventory with zero cost?
For some parts, we don’t want to add to inventory, however would like to keep track of them. Any suggestion?
We are running IFS 10 UPD 10.
Thanks,
Ivy
+3Sorry, I am asking if there is any different IFS window or screen for “expense inventory part” (expense parts) from above posting, other than “Inventory part”.
A few examples of common types of expensed parts (that may have quantities tracked in the within the inventory module but posted to an expense account rather than an inventory account) are as follows:
Spare parts for maintenance of machinery, oils / lubricants, PPE (personal protective equipment such as safety googles, gloves, hazmat suits, etc.) and office supplies.
+3So we have to manage the part through inventory module (with zero cost), and setup the posting control to close the cost to expense account? right? Thanks!
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