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How do you handle transactionally product that is ...
# general
m
How do you handle transactionally product that is on loan to a customer? The company wants to technically retain ownership of a product, but they are letting their customer use it for an undetermined time. They ideally want the item to go from inventory asset to fixed asset while it’s on loan.
k
Probably need a custom transaction to record this
m
LOL! I was just reading a reddit post you did about this.
Except it was the company as the loaner, not loanee
We discussed creating the Marketing Department of the company to be a customer and then fulfill to different customer addresses under them so we could track where products are.
k
I don't remember the post haha
m
k
Yeah, I still don't know why they wanted to record it in NS.
Anyways - your request makes way more sense to actually record
Since you bought it and own it.
Since you are wanting a GL impact to go with it - I'd probably utilize a custom sales transaction
May need a custom GL impact plugin to go with the custom transaction
m
I see. So it’s a custom transaction record? Is it standalone or part of another record?
k
Probably something for issuing it out of stock and brining it back in. The biggest issue is if you are trying to track the number of units on hand at any one point in time
It works similar in nature to a sales order/invoice
m
You are right. They do want to remove from inventory asset and treat it as a fixed asset when it’s out.
k
where you identify customer, and items.
m
I see.
Can that transaction be fulfilled?
k
You might be able to use a GL impact plugin on an invoice to get the desired effect now that I think about it.
i.e. some field on the SO as a loaner instead of a sale, and if it's checked do the alternate GL impact, if not, then normal impact it is
and then you can handle returns of the inventory with a $0 credit memo
Problem is - I don't know that the $0 credit memo would result in correct inventory impact
There's probably a number of ways to skin this one. Multiple inventory adjustments might be easiest.
Mainly because it makes the accounting impact easier.
Probably a bigger question/discussion than I have time to dive into on a chat board.
m
Thanks for the insight. We did discuss at one time virtual locations and doing two adjustments, one into that location with 0 unit cost.
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