How to Record Seed-to-Sale Tag Purchases
Accounting for the purchase of mandatory state-issued RFID or barcode tags used for tracking plants and packages.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Inventory - Supplies | Debit | 1,200.00 | - |
| Cash | Credit | - | 1,200.00 |
💡 Accountant's Note
Tracking tags are direct supplies required for the production process. They are recorded as inventory and expensed to COGS as the plants are harvested or products sold.
Practitioner & Systems Framework
💻 ERP Architecture
Track tag inventory levels to ensure no disruption in the Metrc or BioTrack workflow.
⚠️ Audit Flags
Mismatch between the number of tags purchased and the number of plants tracked in the state system.
📄 Required Documentation
Invoices from the state-approved tag vendor (e.g., Metrc) and receipt of tags.
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Discussion & Community Questions
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