What is the correct entry to record freight/shipping charges?
1. I purchased material/supplies from many vendor and most of them I notice that they bill me and charge my card on file for only the supplies, once my order is shipped they will charge me for freight.
How do I enter Freight transaction from vendors?
If, I reconciled by using banking > write check on QB DESKTOP do I write the check to the vendor ? and under which account will it be best to write it off ? SUPPLIES - EXPENSE OR ....?
2. I have this account set up in QB = freight cost - cost of goods sold
but i believe this is for when i pay for something to be shipped to customer. clarification please.
3. I think another question I have is what if I returned back something to vendor/part of machine and I pay shipping which account should this be recorded under?