• From: UK, Uxbridge
  • Registered: 09/23/2011
  • Posts: 41

Topic: GRN Provision.

What is GRN Provision?

Google, and my local accountant don't help, so perhaps there is another name I could search for.

What does Front Acc. do with them, and what should I do?

If I want my inventory valuation to reflect shipping and other expenses, should I adjust the individual item costs or is this a function of GRN Provision?

Sorry for the barrage of questions, but I expect they would follow on from your first response.

Jonathan46

  • joe
  • Administrator
  • Offline
  • Registered: 03/15/2007
  • Posts: 5,107

Re: GRN Provision.

GRN provision is not added tp purchase price. You should calculate sales price either based on a factor added in Company setup, neither is shipping added.

Joe

3 Reply by jonathan46 (edited by jonathan46 05/04/2012 01:34:51 pm)

  • From: UK, Uxbridge
  • Registered: 09/23/2011
  • Posts: 41

Re: GRN Provision.

Thanks for the lightening reply.

It is the Inventory Valuation that I want to reflect the inbound shipping and other costs. Should I do this for each delivery by manually adjusting each item's cost, after Front Acc. has averaged the invoiced cost with the old stock?

I was hoping GRN provision did something along these lines automatically.

So can I set         Delivery Over-Receive Allowance      to say 3% to achieve this,
or is it                  Invoice Over-Charge Allowance

Jonmathan