I may have a similar situation. When we may need to sell an item to other business who wants to use if for their office purposes, it is not just a garage sale type. The other party may require us to issue an invoice with sales tax collection. In this case, even if that sale is not the principal business activities of a company, it becomes a sales of an asset (general equipment, which is already expensed.) In that case, should we create an account like 'misc. sales' in the sales income and link to it ? Or, follow your "other income " posting method and only include that sales value to report sales and submit a sales tax for state filing purposes ? A sale of equipment, to help replacement cost, is an important matter for a small business. Any further tips to use non-inventory item list or properly issuing invoice as a spot sales of non- fixed asset would be appreciated.
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