How to enter partially occurring costs

1

i want to know how to enter partially occurring cost , like purchases made from suppliers via sea port imports and how to record different costs occurring at different times like taxes and freight charges

2

Welcome to the forum.

Please check the guides here: Guides | Manager

3

The specific Guide you want is this one: Add freight-in to inventory item costs | Manager.

4

sorry but it doesn’t solved my issue and my question is still pending

5

Maybe you should show with screenshots what you have tried and is not working for you so that we can provide better assistance.

6

basically i am trying to enter multiple occurrence of partial costs occurring on different dates like
on
1/5/2022 taxes paid from bank ac - a111
2/5/2022 import documents matured from bank ac b222
6/5/2022 paid unloading charges of goods from cash in hand
7/5/2022 paid freight charges to shipping lines from bank ac c333

and many more occurring parts of costs , as my business is of purchasing goods from different country and importing it to my country via sea port and payment made to supplier is via letter of credit(L/C)
please guide how to perform these procedures in manager

7

I’m not sure what you are asking.

Are you asking how to enter purchase invoices, payments to suppliers and cash purchases into Manager?

Or are are you asking how attribute ancillary costs,such as freight charges and customs duties, to product costs?

8

@muqeetpuri, everything you have mentioned is covered by the Guide I linked to. It does not matter how many there are or how many suppliers or payees are involved. What part of the process do you not understand?

9

thankyou for your response, I am glad to get help from your dear.
but partial cost doesn’t auto calculate the total cost of the consignment automatically, as if i enter purchase of goods it asks me quantity and price but how will i enter variable cost occurring latterly.???

10

Why do you need to do this? The portion of the Guide that applies to your situation is the section on manual allocation of separate freight-in charges. You have the cost of goods from one supplier and the cost of freight-in charges from other suppliers. How would you expect the program to accept a transaction from multiple suppliers? Further, since the separate charges are not on the original sales invoice from your supplier (which you enter as a purchase invoice) how could the program do anything automatically?

I have no idea what you are referring to as “the consignment.” Please use terminology from the program so we know what you mean.

Apparently, you did not read the Guide. It tells you exactly what to do. And it provides examples.

11

dear
thanks once again for your support, but we pay tax as a part of cost from our bank and pay price to supplier, how we will calculate cost of goods ,
we pay tax from our bank to tax authority from bank , and we pay freight charges from bank to transporter from bank. how would i calculate landed cost ??

12

Why do you not read the guides as recommended by @Tut? You could then create a test business, try things out and show us screenshots where you think things should be and why is still not clear.

13

Continuing the discussion from How to enter partially occurring costs:

TRANSACTION 01-I PURCHASED GOODS FOR 20000$ ON 1 MAY2022.
TRANSACTION 02-PAID TAXES TO AUTHORITIES 5000$ FROM BANK A1 ON 10 MAY 2022 .
TRANSACTION 03-PAID FREIGHT CHARGES 900$ FROM BANK A2 ON 12MAY2022.
TRANSACTION 04-PAID WAREHOUSING COST 50 $ FROM CASH IN HAND.

AND IN THESE ABOVE TRANACTIONS I AM ABLE TO PERFORM ONLY TRANSACTION 1 BUT OTHER TRANSACTIONS ARE MAKING ME CONFUSE HOW WOULD I ENTER REMAINING TRANSACTIONS.

can you perform these transaction as i am unable to perform it , even i am confused which tab should i open to perform these transactions
and also i want to know how would i make journal entries for cash in hand and bank ?

14
  1. Use a Payment transaction
  2. Use a Payment transaction
  3. Use a Payment transaction
  4. Use a Payment transaction

The guide Add freight-in to inventory item costs | Manager clearly explains how to enter costs and to allocate them to inventory items

I suggest that you try to follow the guide and then post screenshots of your entries here so that we can help you understand how it works

You can not use journal entries for receipt or payment transactions

15

When are you going to read the Guides, in this case the one about recording Payments? @ShaneAU already indicated where to find them.

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