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Former Member
Apr 22, 2014 at 01:35 PM

Freight for Purchase and sales process

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Hi,

I have a scenario where i'll purchase material with Freight charges from the Vendor, Now the same freight charge i'll imposed on customer while billing.

I'll be using same Freight GL account for both purchase and sales process.

I have configured the process by assigning same GL in the account keys in the pricing procedure for Purchase and sales process for the Freight condition.I have tested the scenario and i was very confused.

Scenario:

i have created a PO and made GR, the accounting entries were,

Stock account ...........Dr.

GR/IR................Cr.

Freight...........Cr.

While performing invoice verification the accounting entries are,

Vendor.......... Cr.

GR/IR........ Dr.

Freight....... Dr.

Accounting entries during Billing to customer,

Customer.......Dr

Sales.......Cr.

Freight......Cr.

Freight......Dr.

Let say for Purchase and Sales process i have used GL 600016 as Freight account.

IF i have paid Rs 500 for Freight to vendor, then i'll be imposing an amount of Rs 500 to customer as freight charges.

Please guide if i had made any mistake in configuring the process

also please advice is there any way to check the GL balance, like the amount to be collected from customer as freight as i'll be using same GL.

Regards,

Rahul