I have setup a very simple test business (Server version 23.10.25.1106) with a single supplier and a single inventory item (along with the various mandatory accounts).
I then create a Purchase Invoice for 100 x Inventory Item @ $10.00 each PLUS Freight-in of $200:
You will note that this has only moved the actual inventory cost (EXCLUDING freight-in) to the Inventory account in the Balance Sheet. The freight-in component has been left in Suspense. This is incorrect because the freight-in forms an integral component of inventory and should have been reflected in the Inventory account in the Balance Sheet (i.e. $1,200.00); with NOTHING in Suspense.
If the “old method” is used (i.e. by selecting Settings-Obsolete Features-Dynamic Rolling Recalculations-Inventory Items) then everything is reflected correctly as shown in the following Summary Screen:
I agree that this is an issue.
Some time ago I changed from using the built in Freight-in and set up a separate expense account for freight.
After switching to the new Inventory revaluation method I found numerous transactions where I had not changed the freight account, had gone in suspense, so I had to go and change them all to just using the account I had set up. Fixed the suspense issue. However this does not add the freight expense to individual item costs. @tony It appears @ozcpa has done as the guide suggests, like I had done originally, and got the same issue. @lubos may need to look at this.
Thanks, but I was aware of “the process”. The problem is that it doesn’t result in the correct inventory costs (unless the “old method” is utilised … and that method is discouraged by @lubos the developer)
