Construction
Small Tools & Consumables
Purchasing hand tools, drill bits, saw blades, and other consumables for site use.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Work-in-Progress (WIP — Site Overhead) | Asset (+) | 2,500.00 | - |
| Cash / Accounts Payable | Asset/Liability (-) | - | 2,500.00 |
💡 Accountant's Note
Small tools under a capitalization threshold are expensed as direct project costs in the month purchased. They are allocated to the project consuming them.
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