Im struggling with this since a few days.
Every few months, the distributor from a company comes up with schemes, where if i purchase 20 units of an item, I get 3 items free of cost.
So say 20 units of Item A costing 500 each, gives me 20+3 units of the item for 10,000.
Now when I account for this in Manager,
If I create a purchase invoice of 23 items at 500 each item the total invoice goes 11500.
If I input the total Amount as 10000 for 20 items, the value per item averages to 434.75
To add to it, the 3 free items come with no receipt or bill or voucher… nothing.
Im given a bill of 20 items costing 500 each.
Either of these is wrong as per my accounting advisor.
The 3 free items should retain me 1500 profit and should reflect in Net Profit.
How Do I account this correctly?
Any clues ?