Inventory Control Entries

Multi-company inventory transactions may be recorded in one company to charge jobs in other companies for the use of Inventory owned by the first company. Spectrum allows the user the flexibility to transfer inventory from one company and charge it directly to expense for a job set up in another company.

COMPANY THAT OWNS INVENTORY

Debit Credit
Intercompany Account Inventory

COMPANY INCURRING EXPENSE

Debit Credit
Expense Account Intercompany Account