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Examples of journal entries for transport costs from Order management

Example:

  • Article ABC has a fixed transfer price (VVP) of €5, a sales price of €15 and a purchase price of €6.
  • At the moment there is no stock, however, stock is tracked by Profit.
  • Stock journalising is enabled.
  • VAT 21%.

    For the article, you can record transport costs and a loss percentage. The thought behind this is that the transfer price you have entered also includes a component for the transport costs and loss, in both cases per unit. Profit calculates the loss percentage on the transport costs. Suppose the transfer price is €5.50, transport costs are €1.00 and the loss percentage is 2% = €0.02 per unit, the transport costs are consequently € 0.98.

In this example, we assume that the article groups have been configured in a certain way. Please refer to the configuration of the article groups.

The above example results in the following journal entry.

Goods receipt:

100 units for a purchase price of € 6.00 would result in the following journal entry.

Account

Debit

Credit

Stock (transfer price * quantity)

550.00

 

Price difference (quantity * (purchase price - transfer price))

50.00

 

To Purchase (purchase price * quantity)

 

498.00

To Transport costs (transport costs * quantity)

 

100.00

To Loss (transport costs * quantity * loss%)

 

2.00

For sales the journal entries will remain the same as previously indicated.

Directly to

  1. Examples of journal entries from Order management

Process

Examples of journal entries from Order management

Work area

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