The following describes the accounting transactions that are created when you receive goods and the cost type is Average purchase cost. A landed cost for Insurance is applied which is 10% of the purchase price.
Prerequisites
| Quantity received | 100 |
| Purchase price | 10.00 |
| Average cost in Item file | 15.00 |
| Landed cost (Insurance) | 10% |
| Quantity in stock before reception | 50 in warehouse 1 75 in warehouse 2 |
Created transactions
| Transaction type | Description | Amount Debit |
Amount Credit |
Calculation/Result/Additional info | |
|---|---|---|---|---|---|
| 933 | Goods received awaiting costs | 1000.00 |
This transaction increases (debits) the Goods received awaiting costs account using the net purchase price multiplied by the received quantity. |
||
| 930 | Reception from supplier | 1000.00 |
This transaction is the purchase value that is normally accounted on a purchase account in DC1 Financials. |
||
| 901 | Stock value | 1100.00 |
This transaction increases (debits) the stock value, using the net purchase value multiplied by the received quantity, plus the landed cost value of the insurance. |
||
| 933 | Goods received awaiting costs | 1000.00 |
This transaction decreases (credits) the Goods received awaiting costs account using the net purchase price multiplied by the received quantity. |
||
| 932 | Landed cost – Insurance | 100.00 |
This transaction increases (credits) the landed costs account for the insurance using the actual cost of the insurance. |
Average cost price change The next six transactions are created only if Cost per warehouse is not active, since the cost type is Average purchase cost and the average cost price has to be recalculated. As the new average cost price differs from the old average cost price, the system also has to re-value the whole stock. The system performs the following calculations: New stock value New average price In this example the figures are: Decrease of old stock
In this example the figures are: Increase of moved stock
In this example the figures are: |
|
| 901 | Stock value, average cost change for current stock | 88.89 | Decrease of the stock value for 50 pcs. | ||
| 915 | Average cost change | 88.89 | |||
| 901 | Stock value, average cost change for current stock | 133.34 | Decrease of the stock value for 75 pcs. | ||
| 915 | Average cost change | 133.34 | |||
| 901 | Stock value, average cost change | 222.22 | Increase of the stock value for 100 pcs. | ||
| 915 | Average cost change | 222.22 |
Related topics
- Overview of accounting transactions during goods reception
- (Accounting) Receive goods without quality control, no landed costs and with cost type Standard cost
- (Accounting) Receive goods without quality control, with landed costs (no cost check) and cost type Standard cost
- (Accounting) Receive goods without quality control, with landed costs requiring a cost check and cost type Standard cost
- (Accounting) Receive goods without quality control, with a landed cost and cost type FIFO
- (Accounting) Receive goods without quality control and with a landed cost into transit stock
- (Accounting) Receive fictitious items, and items with no stock update, no landed costs and with cost type Standard cost
- (Accounting) Receive fictitious items and items with no stock update, with landed costs and cost type Average purchase cost or FIFO
- (Accounting) Receive goods with landed costs on a BtB direct delivery
- (Accounting) Receive goods with quality control, no landed costs, cost type Standard cost
- (Accounting) Receive goods with quality control, landed costs (no cost check) and cost type Standard cost
- (Accounting) Receive goods with quality control and landed costs requiring a cost check with cost type Standard cost
- (Accounting) Receive goods with quality control, landed costs (no cost check) and cost type Average purchase cost
- (Accounting) Receive goods with quality control, landed costs requiring a cost check and cost type FIFO
- (Accounting) Receive goods FOC without quality control, no landed costs and with cost type FIFO