Vendor Charges video2

hi everyone

in this video i am going to explain

about uh

charge setup and functionality in

different scenario so in our last video

we discussed about

when the

vendor is same and vendor is same

and same vendor is providing

charges and as well as product

and we are treating that transport

charges as an expense

so at that time what is the setup and

what will be the entry that we discussed

in the last video

coming to second scenario

second scenario is that

some x vendor is providing products to

us

same vendor is providing transport as

well

like previous scenario as well

but in previous scenario we treated the

transport expenses as in

transport charges or flight charges

anything we treated as an expense but in

this case we are treating the transport

expenses also

uh we are adding to that inventory not

we are treating that as

uh expense so that is the scenario

in this situation

we have um we have a requirement that

whatever the transport charge is

provided by the window

that needs to go to inventory and that's

needs to be added to inventory cost

so that is the uh

requirement first so for that i am going

to d365

i'll create one more charge code

so taking new

and i am giving like

same window

[Music]

and

inventory

so treating as an inventory same window

so ledger account

so debit will be what we are

what is our aim

so debit supposed to be

item so we are adding the transport

charges also to the inventory so that is

our aim

so debit is item

credit what is

credit it's supposed to go

to

that particular window as a liability

so this is the setup required

for this scenario

let's go and do the purchase order

will create one purchase order

will create one purchase order

so that

will

we have already did

set up for the scenario

so we are going to create

purchaser

so new purchaser

so taking

same way as morning what we did i'm

taking

vendor as one double zero one

clicking ok

so taking the item

so one triple zero i am taking and site

i am selecting it

it's mandatory setup

so then

i'm providing the unit price as 2000

and in the purchase tab

i'm selecting maintain charges

we are going to

map the charge code

so

what is the charge code trials

charge 2

and charges i am taking as

100

closing this

so allocate charges

anyway we are going with a single line i

am taking

for all only so i am not going in that

way

so in this

let's confirm this purchase order

so there is

some error that says

what

charges has not been allocated

okay

so which are just not allocated

we need to allocate

i'm

selecting all lines and allocating the

charges

and confirming the purchase order

once it confirm

i need to post product receipt entry

so i am giving product receipt as 11 21

20 21

dash

2.

then

selecting the lines

so again we got some more

some other arrow

inventory dimension where house must be

filled in

no worries

we'll do it

so site we have selected and warehouse

part is selected

let's take

something

so purchase order not updated

i think

so

maybe

we have changed something in the

purchase order so we need to confirm

again

then

booking the product receipt

1121 to d21

iphone 2.

so

it's completed now

if you check product receipt

entry has been booked for the product

received

this is the entry

and

so charges will be applicable

at the time of invoice

so there is no entry at the time of

product receipt

so let's post

invoice

so invoice number i am providing

and

update match status

it has been passed

and i'm posting the invoice entry

so invoice has been posted

see

so here

we have given

amount

sorry once we

uh second time confirmed the unit price

has been changed to eight double nine

so

it's okay uh

so for example eight double is the unit

price

and 100 is

invented

sorry charges

so that's why

uh

it has been booked

line for the vendor balance

and

and cost of purchasing material triple

nine

so it's supposed to book to inventory

right

so it's proved to inventory at triple

line cost

and its book to inventory

this is reversal of pro

product receipt entry

no need to check this only these two

lines are relates to

uh invoice at the time of invoice 899 is

the unit price and 100 is charges

through so triple nine its books to

vendor credit

and triple nine it's booked to cost of

purchasing material invoiced

okay

so

this is the way where we can set up the

setup and post the charges

when the requirement is that like

a same window provided the transport

charges transport facility also for our

products and he is charging

charging for the transport charges that

we are booking as an inventory that we

are adding to that inventory particular

inventory so at that time this is the

setup and this is the way to

this is the way to book the entries

so that's

about

second scenario we'll discuss third

scenario in next coming