Is there a process to offer vendor managed inventory to our customers? Basically, after a build we invoice too & it belongs to the customer so asset value must go to zero, but physically we hold on to it until they ask for it to be shipped

That would be tough without a customization because of the COGS impact of the fulfillment. There are some more accounting questions on this on if you invoice in advance of fulfillment, the timing of the COGS and revenue recognition, etc.

So you’re thinking invoice ahead of fulfillment & then make the asset value 0 for that item? How is that second piece possible without using standard costing?

Honestly, this can get complex based upon what financial impact is expected to be seen. It would be worth looking into hiring an experienced consultant for this.

What do you do with that sold inventory? Do you just literally keep it without doing anything with it until your customer tells you to ship it? Do you charge extra for that (e.g., storage fee)? Do you print/send documents from NS when you actually ship it? Shipping label? BOL? Etc. There's a couple of things to check.

Good questions! • Store & then upon shipping: charge some storage fee + shipping/ handling • Shipping label yes, no BOL