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Level 3

Creating a Bill with Frieght

I am wanting to create a bill from a vendor for products purchased for resale.  In the bill there are two product items as well as freight to me.  My dilemma is, how do I apply the freight to the bill?  Can it simply be the third line item recorded to Products purchased for resale A.K.A. Cost of Goods Sold? This way the Payment will match. 

Or is their a better way to do this?

Bill.png

 

Thnaks

Solved
Best answer October 28, 2018

Best Answers
Level 15

Creating a Bill with Frieght

you adjust the total cost per item, it does not have to be equal for all items. ie

if shipping is 0.99

and there are two items

item one gets 0.49 added to the item total

item two gets 0.50 added to the item total

View solution in original post

6 Comments
Level 15

Creating a Bill with Frieght

Standard accounting is that all costs to get an item for resale on hand and ready for sale are part of the item costs.  O inbound shipping, customs, taxes etc are all part of item cost.  Inbound shipping is not booked separately, but is a cost when the item sells, not purchased.

on the bill, increase the total for each item by a portion of the inbound shipping, when you click or tab out of the total block QB will do the per item rate for you.

Level 3

Creating a Bill with Frieght

Makes perfect sense, thank you.  However, when I do so The total costs in QBO does not match the costs on the invoice received and therefore will not match to the payment recorded when paid.  The invoice is $198.89.  When I click out QBO offers a total of $199.00 for the bill.  Have I done something incorrectly?

Level 3

Creating a Bill with Frieght

Initial math was wrong. 

QBO is now off by one cent as it relates the invoice and my spreadsheet.  Is it customary within this billing method to simply adjust the portions to make the total reflect the invoice that needs to be paid?

Level 15

Creating a Bill with Frieght

you adjust the total cost per item, it does not have to be equal for all items. ie

if shipping is 0.99

and there are two items

item one gets 0.49 added to the item total

item two gets 0.50 added to the item total

View solution in original post

Level 3

Creating a Bill with Frieght

Rustler, thank you so much for your time.  I really appreciate it. That could not have been explained any better.

 

Cheers!

Level 15

Creating a Bill with Frieght

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