AFAICS, Shipping and handling on an invoice is an expense that is postable when you receive the invoice. You may want to check with a CPA but I have never heard otherwise.
I would create a shipping and handling labor/overhead and just add that to the invoice. Make the cost $1, the unit USD and the qty is what you pay. Best Wishes, Chris Travers On 3/14/07, Matt Jackson <[EMAIL PROTECTED]> wrote: > Chris, > > I must look so dumb. That guy was talking about something completely > different. My mistake. > > What I meant is "how do I do the same thing, except for when I have to pay > shipping costs to receive my wholesale product?" > > Should I add a Labor/Overhead part? > > Please advise. > > Regards, > Matt > > > > On 3/14/07, Chris Travers < [EMAIL PROTECTED]> wrote: > > > > On 3/14/07, Matt Jackson < [EMAIL PROTECTED]> wrote: > > > Backtracking a bit, found this "solution" on the sql-ledger list: > > > > > > "Create a part for each component eg: packing, freight and table. Then > > > create > > > assembly from these. Also include your own labour cost, postage and > > > > > > handling ...etc. When you sell the assembly all parts will be moved from > > > inventory to COGS." > > > > I usually create a parts for boxes etc. and services for freight, > > shipping, and any handling fee. > > > > You can then create an assembly based on these if you want. > > > > Another option is to create a shipping and handling service with a > > unit of something like USD. Then you just add the charge tot he qty. > > This won't directly tie into expenses though and you will need to add > > an ap transaction for that. > > > > A lot of that may depend on how many boxes you go through in a year. > > I personally consider them office supplies and not capital expenses > > (so I treat them as expenses at time of purchase since I do not keep a > > significant quantity of such assets onhand), but you may want to ask > > your accountant how best to categorize and track them. This may > > depend in part on how many boxes you keep on hand and whether this is > > significant to your bookkeeping. > > > > If you do a lot more shipping than I do (and you probably do) this may > > be a bigger question. > > > > I guess the question becomes whether, in your case, you need to track > > boxes as inventory. An accountant can answer that question better > > than I can. If you have a high flow and a low on-hand number, that > > may not be a problem. If you order, say, 10000 boxes at a time, and > > then use them for two year between orders, then that might be > > different. > > > > If you do, then you want to buy boxes via vendor invoices, add > > assemblies, and maybe adjust the qty to the number of boxes, and the > > cost so that the total is what you want to charge. > > > > Best Wishes, > > Chris Travers > > > > > ------------------------------------------------------------------------- > > Take Surveys. Earn Cash. Influence the Future of IT > > Join SourceForge.net's Techsay panel and you'll get the chance to share > your > > opinions on IT & business topics through brief surveys-and earn cash > > > http://www.techsay.com/default.php?page=join.php&p=sourceforge&CID=DEVDEV > > _______________________________________________ > > Ledger-smb-users mailing list > > [email protected] > > > https://lists.sourceforge.net/lists/listinfo/ledger-smb-users > > > > > > -- > Regards, > Matt > ------------------------------------------------------------------------- > Take Surveys. Earn Cash. Influence the Future of IT > Join SourceForge.net's Techsay panel and you'll get the chance to share your > opinions on IT & business topics through brief surveys-and earn cash > http://www.techsay.com/default.php?page=join.php&p=sourceforge&CID=DEVDEV > _______________________________________________ > Ledger-smb-users mailing list > [email protected] > https://lists.sourceforge.net/lists/listinfo/ledger-smb-users > > ------------------------------------------------------------------------- Take Surveys. Earn Cash. Influence the Future of IT Join SourceForge.net's Techsay panel and you'll get the chance to share your opinions on IT & business topics through brief surveys-and earn cash http://www.techsay.com/default.php?page=join.php&p=sourceforge&CID=DEVDEV _______________________________________________ Ledger-smb-users mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/ledger-smb-users
