Inventory is where business-owned items live before they are assigned or sold into a client project.
When Something Is Inventory
An item is in inventory when it does not belong to a project. Inventory items can still have:
- Item details.
- Images.
- Vendor/source information.
- Purchase price.
- Spaces or storage locations.
- Linked inventory transactions.
Inventory items do not have a project budget category until they move into a project.
Moving Inventory Into A Project
When inventory items are sold or moved into a project, Ledger creates a project purchase from inventory. You choose the destination project and one budget category for the batch.
That movement:
- Assigns the items to the project.
- Sets the project budget category.
- Links the items to the new project transaction.
- Increases the destination project's budget spend.
Returning Items To Inventory
When project items go back to business inventory, use Return to Inventory. Ledger moves the items out of the project, removes their project budget category, and records the movement.