The following describes the accounting transactions that are created when you confirm the reception note for goods on an order having landed costs of airfreight and insurance that require a cost check. The cost type is Standard cost.
Prerequisites
| Quantity received | 100 |
| Purchase price | 14.00 |
| Airfreight | 5.00 |
| Insurance | 1.00 |
| Item standard cost | 20.00 |
| Airfreight standard cost | 4.00 |
| Insurance standard cost | 1.00 |
| Item standard purchase price | 15.00 |
Created transactions
| Transaction type | Description | Amount Debit |
Amount Credit |
Calculation/Result/Additional info | |
|---|---|---|---|---|---|
| The following transactions are created when the reception is confirmed using either the “Confirm reception note” menu item or the “Receive replenishment line” menu item. | |||||
| 933 | Goods received awaiting costs | 1400.00 |
This transaction increases (debits) the Goods received awaiting costs account using the net purchase price multiplied by the received quantity. |
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| 930 | Reception from supplier | 1400.00 |
This transaction is the purchase value that is normally credited on a Reception from supplier account in DC1 Financials. |
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| The following transactions are created when the goods are booked in to stock after the costs have been checked. | |||||
| 901 | Stock value | 2000.00 |
This transaction increases the stock value, using the item standard cost multiplied by the received quantity. Note: If “Cost per warehouse” is active then the Standard cost used will be that for the warehouse into which the goods are received. |
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| 933 | Goods received awaiting costs | 1400.00 |
This transaction decreases (credits) the Goods received awaiting costs account using the net purchase price multiplied by the received quantity. |
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| 932 | Landed cost – Airfreight | 500.00 |
This transaction increases (credits) the landed costs account for the airfreight using the standard landed cost of the airfreight. |
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| 964 | Landed cost variance – Airfreight | 100.00 |
This transaction accounts for the variance between the actual cost of the airfreight and the standard landed cost of the airfreight. |
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| 932 | Landed cost – Insurance | 100.00 |
This transaction increases (credits) the landed costs account for the insurance using the actual cost of the insurance. |
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| 934 | Purchase price difference/stored | 100.00 |
This transaction accounts the difference between the standard purchase price and the actual net purchase price. |
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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 and cost type Average purchase 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