Stock quantity discrepancies
I have a number of imported items that we purchase separately, however they are combined together and coded with a new item number so when we sell them we can sell them as a complete item. This has...
Forum Discussion
Hi CameronL93 , all this can be achieved with only one item. It looks like you import and sell a product, but you pay for freight as well. The process outlined in MYOB's help article below is as follows:
- Create an item PO for the product itself
- Create a service PO for the overseas freight
- Receipt the product PO on arrival, or convert to bill; at that time, change the product cost to the full cost including freight (and any other components of landed cost), and deduct that amount as landed cost, so the supplier bill is for the net owing to the supplier.
On recording, inventory will have the full cost allocated. - Convert the freight PO to a bill and allocate it to your landed cost account. The charge will be offset by the credit created in the previous step.
This is more fully explained in Landed costs for imported inventory (myob.com).
