Creating Inventory of unused construction materials

I can help you in handling those unused inventory items, @ca88fan. 

Yes, you can create a credit memo for the items that have not been used and then just use this credit as payment for another transaction or apply it to invoices. 

Here's how:

1. Select Create Credit Memos/Refunds from the Customers menu.
2. Choose your customer from the Customer:Job drop-down menu.
3. Enter the items for which you want to give credit, then click Save & Close.

To guide you further in applying for those credits, check out this article: Give your customer a credit or refund in QuickBooks Desktop for Windows. 

Here's everything that you need to know about anything that your company buys, sells, or resells in the course of business: Add, edit, and delete items.

You can always get back to me if you have questions or other concerns about your transactions by leaving a comment below. I'm always here to assist. Have a great rest of the day.

I'm a bit skeptical about creating a credit memo. Did your customer actually pay you for the sink?

I purchased the item from our vendor.  I have paid for the item in full.  I just do not need to bill it to the job in which it was purchased for.  I have another job starting in 2022 that we will apply the item to.  

We purchased the item.  We paid the vendor for the item, the client was was not charged for the item.  Rather than return the item I want to place it into inventory since I do know we will be using it in 2022 for a new project and then bill it to that job. 

Thanks for coming back, @ca88fan. You can move the credits from one job to another in QuickBooks by setting up a clearing account, then create a journal entry to move the credit to wash the clearing account.

Here's how: 

Set up a clearing account: 

1. Go to the Lists menu, select Chart of Accounts.
2. Right-click anywhere in the Chart of Accounts, then click New.
3. Click the Bank radio button in the Add New Account window, then hit Continue.
4. In the Account Name field, enter Clearing Account.
5. Do NOT enter an opening balance, then click Save & Close. 

Once done, create a journal entry. This time, I'd recommend consulting with your accountant to make sure the transactions are posted in the correct account. 

For future reference, here's an article to help you learn about adding, editing, and deleting items in QuickBooks Desktop.

I'd be glad to help you again if you have additional concerns. Take care always!