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Hello
I have a shipping invoice for an item to get my inventory to my current location, a cost that is eligible to capitalize. How do I incorporate this cost into my inventory? I am not too involved with the inventory module, but I believe that I am not able to add just a cost to inventory, and 0 items. I must add 1 item, which I do not want to do.
Thanks
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Considering the shipment invoice type means that the inventory cost layers are updated with the actual cost. If you considered no landed cost on the receiving transaction entry, you will have to adjust the receiving cost through the Adjust Cost utility in the inventory module.
From now on, I would recommend considering a shipment type initially with landed cost as illustrated in the video tutorial. Then when the actual cost is determined or the vendor invoice is received, you may create an enter match invoice to adjust the estimated cost included on the shipment, to be reflected on your inventory module.
Let me know if you need any further assistance,
Yes, initially received through receiving transaction entry, through shipment invoice.
Was not clear on my first post, but please consider this scenario: purchase X from vendor 1, and we coordinate shipping it across the border and incur costs from vendor 2.
My receiving transaction entry, using shipment invoice also creates a payable to the vendor, and I therefore do not include it in here under the freight.
How did you initially receive the items ? Is it through the Receiving Transaction Entry window ?
If so, what was the transaction type which you picked, shipment or shipment invoice ?
This is a very straight forward case in which you receive items with which there are additional costs such as freight, delivery ...etc. To handle these additional costs, you do need to consider the shipment, enter match cycle with landed cost. Here is a video tutorial which would be definitely of an added value for you
Your feedback is highly appreciated,
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Almas Mahfooz
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