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Old June 22nd, 2008 -   #4 (permalink)
Annushka
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Default Re: Inventory Methods

It's:
- Raw Materials
- Work-in-progress
- Finished Goods

Manufacturer's accounting is more complex than retailer's, you might want to consult with a professional at least ones. When you say manufacturing your own design - do you mean you'll be doing the screenprinting or you'll be making your own blanks plus the printing? if it's the first, i'm thinking you might not have to complicate your bookkeeping necessarily.
The accounting methods mentioned above are more suitable for factory type operation where you'd be manufacturing the shirts than decorating them. But if you're not doing this from scratch, you should be able to keep it simpler.

Last edited by Annushka; June 22nd, 2008 at 11:27 PM.