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Re: accounting - sublimation ink

Posted: 24 Mar 2013, 20:42
by viccar
Ok maybe a daft question, so here goes

but when accounting does sublimation ink still go into office and stationary -ink like normal printer ink, or do you put it somewhere else.

Re: accounting - sublimation ink

Posted: 24 Mar 2013, 22:15
by Smitha
I think it should go down as a cost of sales, the same as the paper, mug etc.

Andy

Re: accounting - sublimation ink

Posted: 24 Mar 2013, 23:04
by pisquee
we put it under materials, along with everything else used in the process of making a saleable product/good

Re: accounting - sublimation ink

Posted: 24 Mar 2013, 23:10
by James990
I put it down as consumables

Re: accounting - sublimation ink

Posted: 25 Mar 2013, 07:25
by logobear
you should account for it as a variable cost(cost of sale/consumables), were as running your office is a fixed cost
Sales minus cost of sales = gross profit, less fixed costs = net profit

Re: accounting - sublimation ink

Posted: 25 Mar 2013, 08:38
by mrs maggot
I don't think its a daft question, its always worth asking, esp when book keeping is concerned. I put mine into materials/consumables the same as other products i buy to sell ie mugs & t shirts

Re: accounting - sublimation ink

Posted: 25 Mar 2013, 09:02
by viccar
Thank you all, consumables it is then :smile:

Re: accounting - sublimation ink

Posted: 29 Mar 2013, 19:50
by smo
We have a code set up on Sage for computer consumables which covers ink, tonor etc. :)

Otherwise paper, t-shirts, panels, mugs or whatever are raw materials or piece parts.

Re: accounting - sublimation ink

Posted: 30 Mar 2013, 12:02
by John G
Print, or computer, consumables here too!