Transfer of Materials

Written by True Tamplin, BSc, CEPF®

Reviewed by Subject Matter Experts

Updated on March 02, 2023

Transfer of Materials: Definition

The direct transfer of surplus materials from one job or work order to another is, as a rule, undesirable. It should be discouraged as far as possible.

It is, however, justified when an urgent job must be completed. In these cases, it may be necessary to appropriate surplus materials to avoid the delays inherent in the normal routine of returning materials to stores and then re-issuing them.

Material Transfer Note: Explanation

All transfers of materials must be accompanied by a material transfer note.

This note is signed by the foremen of the sending and receiving departments and forwarded to the costing office, where the necessary adjustments are made in the respective job accounts.

Specimen/Format of Material Transfer Note

A specimen of a material transfer note is given below.

Format of Material Transfer Note

Transfer of Materials FAQs

About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.