• spott
  • Senior Member
  • Offline
  • From: Estonia
  • Registered: 05/30/2009
  • Posts: 74

Topic: Purchase order question

Hi

I have right now question - how to add correct purchase order to FA.
I imported from China again lot of articles and also some equipment. All these are in one invoice. Most of goods are usual FA Itemas, what I am selling. But tools are for my production and so thy need to go my capital assets.

So - first question - is it possible to transfer some items to assets? Or how I need to add this purchase order? I made order before FA implementation, and I get now the goods. I want now add the purchase order and then I can add supplier invoice also.

Second question is about item prices. Let say item A cost for me 0,49USD/pc, this is also in supplier invoice. But I need to add import taxes and I want to add some transport costs also per item. So I need item price to my stock - not 0,33EUR/pc, but 0,33+customs+transport. So how can I add some extra costs to items after I receiving the order?

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

Re: Purchase order question

1. Easy, you can register these tools as items and set the Inventory account for these tools to be of type capital assets. You can also mark them as exclude from sales.

2. If you want these additional costs to be included in the purchase prices you should be add these costs on the Supp Invoice Item Lines. You will have to distribute these costs for the line items.

Be aware then, that Import Tax may have to be booked as tax for the tax authorities. Ask your Accountant/Auditor.

/Joe