Hi Everyone,
I am a garment manufacturer.
In our business we purchase Yarn as raw material from various suppliers, then we ship it to different knitting houses for job work. Who send them back to us after they have knit it to fabric from yarn. there after we again send it to various dyeing houses, who dye the fabric and return us the same.
What i need to understand is how do i record a transaction as below:
- Yarn purchased from a Supplier(SP1) say by the name ITEM CODE - 001
- Shipped directly to a Job Worker say JB1.
- JB1 processes the ITEM - 001 (yarn) and sends back ITEM - 002 (fabric)
Thanks in advance.