Forum Discussion

CCN's avatar
CCN
Experienced User
4 years ago
Solved

Import costs added to inventory

We import jars - and on top of this there are import costs via mainfreight after jars arrive.   To reflect the correct jar price.   What is the correct method.   1. Do an "adjustment to item valu...
Steven
  • Neil_M's avatar
    Neil_M
    4 years ago

    Hi CCN 

     

    An inventory adjustment where your increasing the on hand value of the items would be one way to add additional costs to the value of the items. The cost of which would be spread across the items on hand.

     

    As for which account to code the adjustment to, I recommend discussing this with your accountant. They will be able to advise you of the appropriate account to record the adjustment

Neil_M's avatar
Neil_M
Former Staff

Hi CCN 

 

An inventory adjustment where your increasing the on hand value of the items would be one way to add additional costs to the value of the items. The cost of which would be spread across the items on hand.

 

As for which account to code the adjustment to, I recommend discussing this with your accountant. They will be able to advise you of the appropriate account to record the adjustment

CCN's avatar
CCN
Experienced User
4 years ago

Steven

 

Thanks I will accept resolution. 

Suddenly I am receiving ALL the MYOB queries from various people filling by inbox.  Can you please stop these being emailled to me.

  • Steven_M's avatar
    Steven_M
    Former Staff
    4 years ago

    Hi CCN 

     

    MYOB Community Forum emails are based on posts you have subscribed to. If you are receiving unwanted emails we do recommend viewing your subscriptions/notifications. See Forum Help - Subscriptions and bookmarks for more information.