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Hopefully I can clarify myself enough to make sense out of my question.
I occasionally receive inventory in to my warehouse that is delivered along with a PO. On the purchase order there is no freight/shipping charges. The capitlaized inventory is entered in the inventory system without freight charges. The inventory is checked out and used before the invoice is received. Next week I receive my invoice for the inventory and enter the equipment in to the accounting softeare, but I no longer have inventory to assign my freight charges to in the inventory system because the inventory has been checked out and used.
I am trying to have an accurate average cost on my inventory systems and my accounting software, but they will not match up because of this.
Has anybody ever encountered this problem? Any thoughts on what possibly to do?
Thanks in advance and please let me know if more clarification is needed.
I occasionally receive inventory in to my warehouse that is delivered along with a PO. On the purchase order there is no freight/shipping charges. The capitlaized inventory is entered in the inventory system without freight charges. The inventory is checked out and used before the invoice is received. Next week I receive my invoice for the inventory and enter the equipment in to the accounting softeare, but I no longer have inventory to assign my freight charges to in the inventory system because the inventory has been checked out and used.
I am trying to have an accurate average cost on my inventory systems and my accounting software, but they will not match up because of this.
Has anybody ever encountered this problem? Any thoughts on what possibly to do?
Thanks in advance and please let me know if more clarification is needed.