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Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / item charge setup
Small and medium business | Business Central, N...
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item charge setup

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Posted on by CU27091600-0 72
Hello,
 
can someone walk me through how to setup Item Charge? Which General posting account to select - Income vs Balance sheet account?
 
1. once I apply item charge to the purchase after I received an item - will it increase my cost of good/ cost per piece? 
 
2. Will it go back and adjust my cost from that specific charge item? 
 
 
Thank you,
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  • Suggested answer
    Inge M. Bruvik Profile Picture
    Inge M. Bruvik 32,748 Super User 2024 Season 1 on at
    item charge setup
    2. Will it go back and adjust my cost from that specific charge item? 
     
    If you add item charge to goods that is already sold - the cost for the sold goods will be adjusted with the item charge if that was your question.
     
  • CU27091600-0 Profile Picture
    CU27091600-0 72 on at
    item charge setup
    @HVGEEL and YUN ZHU,
     
    Freight and tariff are expense not income correct?  - part of item cost. to Calculate landed cost - for example item cost me from raw material to finish $2 and I spent $1 in freight and $.50 in tariff. My real cost is $3.50  per pc.
     
    Once I apply Item charge - My inventory and account payable should go up correct?  is there any other debit or credit needs to happen? 
     
    1. Freight should be balance sheet account correct? 
     
    2. Once I apply item charge - which account should effect? 
     
     
    Thank you,
     
     
     
  • Suggested answer
    YUN ZHU Profile Picture
    YUN ZHU 73,647 Super User 2024 Season 2 on at
    item charge setup
    Hi, the setting of the posting group is in the following pages, and you can set it to test whether it meets the requirements.
    Item charge:
    Vendor:
    General Posting setup:
    Vat Posting setup
     
    Hope this helps.
    Thanks.
    ZHU
  • Suggested answer
    HVGEEL Profile Picture
    HVGEEL 288 on at
    item charge setup
    the answers to your questions are:
    - Which General posting account to select - Income vs Balance sheet : 
    that depends on local legislation and the type of Charge.
    For TRANSPORT, it will be an income, for received taxes of some sort, it might just be a balancesheet account.
     
     
    - once I apply item charge to the purchase after I received an item - will it increase my cost of good/ cost per piece?  
    Yes it will: upon assigning and posting the charge, additional Value Entries of type Charge will be created under the corresponding Item Ledger Entries.
     
    - Will it go back and adjust my cost from that specific charge item?  
    did not really understand the question: transport charge for instance is different ever single time...

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