Tracking raw material used in service

Thanks for sharing the details with me, @Peak Environmental.

Allow me to provide some information on how to achieve this. You’ll want to set up your raw materials as Inventory parts.

That way, the Cost of Goods Sold will be calculated when the item is assigned to a job. That being said, here’s how to set up an inventory item in your QuickBooks Desktop (QBDT) software:

1. Go to the Lists menu.
2. Select Item List 
3. Click the Item drop-down and select New.
4. Select the type of item.
5. Fill out the item fields.
6. Then click Save when done.

You can also utilize this article for more details (select the Create an item section): Add, edit, and delete items.

I’d also recommend checking with your account for guidance if you’re unsure of what income account to choose in setting up your inventory item. This way, we’ll ensure the accuracy of your accounts.

Additionally, I'm adding these resource that you can use as reference in case you have other inventories stored at different sites or locations and want to track them: Set up Advanced Inventory.

Let me know if there’s anything else I can help you with about managing your inventory items. I'll be around ready to assist you. Have a great day ahead!

@Peak Environmental 

Consider having a construction management app to manage your inventories. 

After setting up inventory items should bulk quantities purchased get charged to an “other current assets” account?

Allow me to chime in and provide some info about inventory purchases, @DanOlsen. 

In QuickBooks Desktop, when you buy an inventory item, your bill, check, or credit card charge will debit the item's inventory asset account and credit your A/P, bank, or credit card account. 

With regards to the account that will be charged, it depends on the asset account that you set up for the inventory items. 

The best way to track your inventory purchases is to generate the Inventory Valuation Summary/Detail reports for all dates. For detailed steps, you may utilize this resource: Understand statements in QBDT.

You'll want to track inventory stored at different sites or locations. You can use the Advanced Inventory feature to ensure your quantity on hand by site is accurate.

Fill me in if you have other questions about inventory tracking in QuickBooks. I'm always around to help you. Stay safe and have a good day!