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Tracking inventory removed for personal use

GoatMilkSoaperGoatMilkSoaper Member Posts: 1

I'm a brand new Wave user. I'm not sure how to track bars of soap that we've removed from inventory for personal use. Suggestions? I have to be able to track it in order to pay use and sales tax (among other things).

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Comments

  • MikegMikeg Member Posts: 995 ✭✭✭

    @GoatMilkSoaper,
    Use the following journal entry. Go to Transaction/More/Journal Transaction
    Debit Owners Drawing
    Credit Inventory(Cost of items)

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