The following describes the accounting transactions the system creates when you receive goods without quality control into transit stock on orders having a landed cost and you use separate cost handling (Sep cost handling field in the DIS control file). The transit stock is used when a BtB purchase order with transit delivery is received.
See (Accounting) Invoice a BtB transit sales order for a description of the accounting transactions created when the corresponding BtB transit sales order is invoiced.
Cost type = Standard cost
Prerequisites
The following prerequisites apply if the cost type is Standard cost:
| Quantity received | 100 |
| Purchase price | 10.00 |
| Standard purchase price | 14.00 |
| Insurance standard cost | 1.00 |
| Item standard cost | 15.00 |
Created transactions
| Transaction type | Description | Amount Debit |
Amount Credit |
Calculation/Result/Additional info | |
|---|---|---|---|---|---|
| 933 | Goods received awaiting costs | 1000.00 |
This transaction increases (debits) the Goods received awaiting costs account using the net purchase price multiplied by the received quantity. |
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| 930 | Reception from supplier | 1000.00 |
This transaction is the purchase value that is normally accounted on a purchase account in Financials. |
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| 902 | Stock value, transit stock | 1500.00 |
This transaction increases the Stock value in transit stock by multiplying the item standard cost by the received quantity. |
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| 933 | Goods received awaiting costs | 1000.00 |
This transaction decreases (credits) the Goods received awaiting costs account using the net purchase price multiplied by the received quantity. |
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| 932 | Landed cost – Insurance | 100.00 |
This transaction increases (credits) the landed costs account for the insurance with the value of the insurance. |
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| 934 | Purchase price difference/stored | 400.00 |
This transaction is the difference between the standard purchase price multiplied by the received quantity and the actual net purchase value. |
Cost type = Average purchase cost/FIFO
Prerequisites
The following prerequisites apply if the cost type is Average purchase cost or FIFO:
| Quantity received | 100 |
| Purchase price | 10.00 |
| Landed cost (Insurance) | 10% |
| Average transit cost in Item file | 11.00 |
| Quantity in transit stock before reception | 0 |
Created transactions
| Transaction type | Description | Amount Debit |
Amount Credit |
Calculation/Result/Additional info | |
|---|---|---|---|---|---|
| 933 | Goods received awaiting costs | 1000.00 |
This transaction increases (debits) the Goods received awaiting costs account using the net purchase price multiplied by the received quantity. |
||
| 930 | Reception from supplier | 1000.00 |
This transaction is the purchase value that is normally accounted on a purchase account in Financials. |
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| 902 | Stock value, transit stock | 1100.00 |
This transaction increases the Stock value in transit stock by multiplying the net purchase price by the received quantity and adding this to the total of the landed costs. |
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| 933 | Goods received awaiting costs | 1000.00 |
This transaction decreases (credits) the Goods received awaiting costs account using the net purchase price multiplied by the received quantity. |
||
| 932 | Landed cost – Insurance | 100.00 |
This transaction increases (credits) the landed costs account for the insurance with the value of the insurance. |
Separate cost handling
If the system uses separate cost handling for the transit stock, (defined in the DIS control file), the following fields in the Item file will be updated with a cost price after the reception of goods:
- If the cost type is Average purchase cost the Average transit cost field will be updated, if a new average transit cost is calculated. In this example, the Average transit cost will not be updated, since the current Average transit cost is 11.00. In this reception the Average transit cost is also 11.00 (1100.00 / 100 = 11.00)
- If the cost type is FIFO, the Last transit purchase cost field will be updated.
No separate cost handling
If the system does not use separate cost handling for the transit stock, (defined in the DIS control file), the following fields in the Item file will be updated with a cost price after the reception of goods:
- If the cost type is Average purchase cost the Average cost field will be updated, if a new average cost is calculated. In this example, this does not apply, since Separate cost handling is used in the system.
- If the cost type is FIFO, the Last purchase cost field will be updated. In this example, this does not apply, since Separate cost handling is used in the system.
Related topics
- Overview of accounting transactions during goods reception
- (Accounting) Receive goods without quality control, no landed costs and with cost type Standard cost
- (Accounting) Receive goods without quality control, with landed costs (no cost check) and cost type Standard cost
- (Accounting) Receive goods without quality control, with landed costs requiring a cost check and cost type Standard cost
- (Accounting) Receive goods without quality control, with landed costs and cost type Average purchase cost
- (Accounting) Receive goods without quality control, with a landed cost and cost type FIFO
- (Accounting) Receive fictitious items, and items with no stock update, no landed costs and with cost type Standard cost
- (Accounting) Receive fictitious items and items with no stock update, with landed costs and cost type Average purchase cost or FIFO
- (Accounting) Receive goods with landed costs on a BtB direct delivery
- (Accounting) Receive goods with quality control, no landed costs, cost type Standard cost
- (Accounting) Receive goods with quality control, landed costs (no cost check) and cost type Standard cost
- (Accounting) Receive goods with quality control and landed costs requiring a cost check with cost type Standard cost
- (Accounting) Receive goods with quality control, landed costs (no cost check) and cost type Average purchase cost
- (Accounting) Receive goods with quality control, landed costs requiring a cost check and cost type FIFO
- (Accounting) Receive goods FOC without quality control, no landed costs and with cost type FIFO
- Overview of accounting transactions during invoicing