Item Charge Post without loading on Inventory

somnathbasu9002

Scenerio:

I have created Purchase order and invoiced the order completely.
I have created one new Invoice with Charge Item (Frieght) and applied to the 1st Purchase order.
On posting, item charge is incresing the cost of the Items of the first PO.

If I don't want to load the cost on Inventory, but want to book it as seperate expense, what I have to do?

ara3n

Use a GL account instead of Item charge.

nunomaia

You should only use item charges to increase item unit cost.

Alex_Chow

nunomaia wrote:

You should only use item charges to increase item unit cost.

You mean:
"You should only use item charge to accrue the freight/duty/custom/etc expenses to the item cost, then recognize these costs as part of COGS when the item is sold."

nunomaia

Alex Chow wrote:

nunomaia wrote:

You should only use item charges to increase item unit cost.

You mean:
"You should only use item charge to accrue the freight/duty/custom/etc expenses to the item cost, then recognize these costs as part of COGS when the item is sold."

A better definition

Alex_Chow

nunomaia wrote:

A better definition

We could expand the definition more, because it's not just limited to COGS... But we'll probably get more people confused..

leewhite1234

Apply the item charge to the shipping document. Hat affects calculation of the profit without changing the acquisition cost. Apply the item charge to the receipt(s) document to increase the purchase cost.

vipin_poulose

Hi leewhite,

Do you know you that you have replied for the 2 years old post!!!