Hi all
I have 4 locations A, B, C and D. Location A is Port where goods are received and posted. All Landed costs including freight, duties etc are attached to item in this location. Goods are now transferred to Location B which is the company's warehouse in the same city sat City 1. I transferred some goods from location B to Location C which is warehouse in the different city say City 2 almost 1900 KM away from City 1. The transportation cost is a material amount.
International Accounting Standard 2 (IAS-2) says that all costs incurred to bring the inventory to present location and condition to sale should be added to the cost of inventory.
It means I have to allocate transportation cost into inventory items transferred from City 1 to city 2.
Now my question is how Dynamics gp 2013 addresses this situation? From which window I can allocate the transportation cost to subsequently transferred inventory.
Best Regards
Rashid anwar
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I have the same question (0)In order for the proper costs to be allocated to the item, you must use the In-Transit Transfer Transaction (Inventory > Transactions > In-Transit Transfer) window. This window will allow you to setup the proper transfer from one facility to another, with the advantage of being able to capture additional landed costs. You will then use the standard Receiving Transaction Entry window (Purchasing > Transactions > Receivings Transaction Entry), and select an In-Transit Receipt Type, where you can further enter the receipt cost to the destination warehouse, plus any additional landed cost.
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