What is a tooling journal?
submitted by Alvin

gotta run

It's a specialized accounting record for tracking costs associated with tools and equipment. It helps in allocating expenses properly over the useful life of the tools, which varies. It's there to ensure that the costs are reflected accurately in financial statements.

spazmatic

It's basically a ledger or a record where companies note down all expenses related to tools, like drills, machinery parts. It includes maintenance costs for those too. It keeps everything organized, so when it's time to do accounting or tax filings, they know exactly how much they spent on tools.