FrontAccounting forum — Shipping Charged Account question

Re: Shipping Charged Account question

null@example.com (kerrsmith) — Sat, 13 Feb 2010 13:31:20 +0000

This worked, thanks!

Re: Shipping Charged Account question

null@example.com (joe) — Fri, 12 Feb 2010 23:11:09 +0000

Yes, kerrsmith,
You are on your way to be a pro Accountant . Yes, just debit the old account and credit the new account with the value 11.50. And maybe make a memo about it.

Re: Shipping Charged Account question

null@example.com (kerrsmith) — Fri, 12 Feb 2010 16:39:57 +0000

I have updated my setup with the new account.

Is there any way I can move the values currently stored in the carriage account to this new shipping account so everything is correct?

I think the Journal Entry page might be able to do it but am not quite sure what I need to add to keep everything correct?

Currently I have 11.50 credit in the carriage account but would like to move this to the new shipping account.

Do I just debit the carriage account with 11.50 and credit the shipping account with 11.50?

Re: Shipping Charged Account question

null@example.com (joe) — Fri, 12 Feb 2010 16:16:40 +0000

You are right, it should be an income account (you charge your customer for this amount). I have created a new account, called 4910 Shipping. And put this on GL Setup for Freight.
The changes are uploaded to Website.

So please make this change locally. Thanks

/Joe

Shipping Charged Account question

null@example.com (kerrsmith) — Fri, 12 Feb 2010 13:17:30 +0000

I have set the Shipping Charged Account in System and General GL Setup to 5202 (Carriage) in my setup using English - Great Britain - General chart of accounts.

This carriage account is under the Cost of Goods Sold category which is of the class Costs, Cost is of type expense.

I am just wondering if this is the correct account I should be using for the Shipping Charged Account?