I know that this is possibly going to sound crazy but I’ve been using Manager for years and I’ve only just realised that something may have been done incorrectly at times when I’ve had someone helping with data entry from time to time.
It would be really very much appreciated if someone could let me know what the correct allocations would be for the payments going out…
Standard stock or inventory purchases - should these be allocated to Accounts Payable, Inventory Cost or something else ?
With freight costs, I just amortise (?) the total freight cost to a “per unit value” and add that to the unit costs so the actual freight payment is just included as a part of the total invoice value.
I allocate the GST that I pay on shipments to “GST Paid on Imports” and other customs and clearance fees charged by FEDEX or DHL are charged to a “Customs and Clearance Fees” account.
As always, it would be very much appreciated if someone could just offer some advice to let me know what I should be doing.
Cheers
Paul
