Chris,
I must look so dumb. That guy was talking about something completely
different. My mistake.
What I meant is "how do I do the same thing, except for when I have to pay
shipping costs to receive my wholesale product?"
Should I add a Labor/Overhead part?
Please advise.
Regards,
Matt
On 3/14/07, Chris Travers < ..hidden..> wrote:
>
> On 3/14/07, Matt Jackson < ..hidden..> wrote:
> > Backtracking a bit, found this "solution" on the sql-ledger list:
> >
> > "Create a part for each component eg: packing, freight and table. Then
> > create
> > assembly from these. Also include your own labour cost, postage and
> >
> > handling ...etc. When you sell the assembly all parts will be moved from
> > inventory to COGS."
>
> I usually create a parts for boxes etc. and services for freight,
> shipping, and any handling fee.
>
> You can then create an assembly based on these if you want.
>
> Another option is to create a shipping and handling service with a
> unit of something like USD. Then you just add the charge tot he qty.
> This won't directly tie into expenses though and you will need to add
> an ap transaction for that.
>
> A lot of that may depend on how many boxes you go through in a year.
> I personally consider them office supplies and not capital expenses
> (so I treat them as expenses at time of purchase since I do not keep a
> significant quantity of such assets onhand), but you may want to ask
> your accountant how best to categorize and track them. This may
> depend in part on how many boxes you keep on hand and whether this is
> significant to your bookkeeping.
>
> If you do a lot more shipping than I do (and you probably do) this may
> be a bigger question.
>
> I guess the question becomes whether, in your case, you need to track
> boxes as inventory. An accountant can answer that question better
> than I can. If you have a high flow and a low on-hand number, that
> may not be a problem. If you order, say, 10000 boxes at a time, and
> then use them for two year between orders, then that might be
> different.
>
> If you do, then you want to buy boxes via vendor invoices, add
> assemblies, and maybe adjust the qty to the number of boxes, and the
> cost so that the total is what you want to charge.
>
> Best Wishes,
> Chris Travers
>
>
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Regards,
Matt
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