How do I add freight, duty or clearing costs to goods already received?

Open Cost Revaluation, pick the receipt lines, add one cost line per charge with the account it is credited to and how to spread it, and Save. The receipts' value goes up by their share.

Screen

Inventory › Inventory Reversation › Cost Revaluation

Who

The cost accountant

Takes effect

On Save

Needs first

Posted receipts; the clearing account the charges were booked to

Before you start

• The freight or duty bill is posted to a clearing account on a Vendor Invoice or a General Entry.
• Landed cost must be added before the period's Inventory Closing, so issues of the period carry it.

Steps

1. Open Cost Revaluation, New, Posting Date (not before the receipts) and journal, Create.
2. Add each receipt line under Transaction No.
3. Add each cost: Account (the clearing account), Cost Element, Allocation Base (by quantity, value, weight, volume, equally...), Allocation Value.
4. Open Allocation on a receipt line to check its share, then Save.

What posts

Document	When	Debit	Credit
Cost Revaluation	Save	The receipt line's inventory account	The Account on the cost line

Undoing it is Reverse on the toolbar.

Related

• Close the inventory period.