Difference between revisions of "How to financials"

Revision as of 00:02, 15 June 2014

Supplies - Things consumed by the process of using or running the machine. Will not improve or maintain condition.
- We are maintaining that things like bandsaw blades, end mills, and lathe tooling are supplies.
- These are going to be things that are directly worn down in its normal use, like grinding wheels.
Repair and Maintenance - The costs incurred to bring an asset back to an earlier condition or to keep the asset operating at its present condition (as opposed to improving the asset). Fixing non-consummable things in the machine. These things are less frequently replaced.
- Example: cleaning fluid, belts.
Small Equipment - Tools or permanent improvement to tools or area.

@@ Line 1: / Line 1: @@
 ==Category==
-Supplies - Things consumed by the process of using or running the machine. Will not improve or maintain condition.
+* Supplies - Things consumed by the process of using or running the machine. Will not improve or maintain condition.
-Repair and Maintenance - The costs incurred to bring an asset back to an earlier condition or to keep the asset operating at its present condition (as opposed to improving the asset).
+** We are maintaining that things like bandsaw blades, end mills, and lathe tooling are supplies.
-Small Equipment - Tools or permanent improvement to tools or area.
+** These are going to be things that are directly worn down in its normal use, like grinding wheels.
+* Repair and Maintenance - The costs incurred to bring an asset back to an earlier condition or to keep the asset operating at its present condition (as opposed to improving the asset). Fixing non-consummable things in the machine. These things are less frequently replaced.
+** Example: cleaning fluid, belts.
+* Small Equipment - Tools or permanent improvement to tools or area.