How to View & use Tracking code. Can i use tracking code for Purchase invoices for taking Cost?
What is your business doing and what are you trying to achieve?
We are doing Medical Equipment Trading Business. Mainly importing Equipment’s. How to calculate the total cost (includes item cost, Custom duty, Freight Charges ,Bank Charges) for Particular Item??
Since each transactions is going in separate ledger…
Eg.Purchase - Stock in hand
Import Charges - Custom Duty
Bank Charges - Bank Charges
So in other words, when you purchase inventory items, you want all these expenses related to purchase of inventory items to be capitalized to Inventory on hand asset account so you can get more accurate picture of your gross profit margins on sold items, right?
Yes. u r right. To Calculate the total expenses of Inventory Items (All related Exp)