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Former Member
Mar 18, 2010 at 05:34 PM

Inventory value increase

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Hi,

(Initially wrongly posted this in BI and hence repeating here)

Is there any way I can post a transaction to increase the inventory value ?

We have a requirement.

After the product is manufactured it (Wine)

is kept in warehouse for curing purpose . ( Temp on and off at cost including handling charges)

The curing cost is paid every week.

The cost has to be increased to the inventory cost instead of keeping under expenses.

ie These are charges are to be capitalized .

End of it every Day Ithe system should pasa accounting as

Dr Inventory

Cr accrual

End of the week on paymnet to vendor by ivoice payment

Dr accrual

Cr vendor

How do I push the expenses to Inventory ?

Thanks in advance

Chitras