Hello everybody, I am just wondering how others go about doing there books, accounting and some other aspects of a CNC plasma /fabrication business.
Steel sheets are obviously raw materials> cost of goods sold
Do you use plasma consumables, weldering materials as shop supplies or as a cost of goods sold?

What do you do with parts that get messed up being cut on the cnc or whatever? Just scrap them and try to recoupe some of the money you pay for the raw materials? Can messed up parts be wrote off as a loss of income or soemthing along those lines?

How about the scrap material that is left over after cutting out the parts?

I just want to get some other views on how these things are done by other people. Thanks.