The following describes the accounting transactions that are created when you receive goods on an order with no landed costs and the cost type is Standard cost.
Prerequisites
| Quantity received | 100 |
| Purchase price | 10.00 |
| Item standard cost | 15.00 |
| Standard purchase price | 15.00 |
Created transactions
| Transaction type | Description | Amount Debit |
Amount Credit |
Calculation/Result/Additional info | |
|---|---|---|---|---|---|
| 901 | Stock value | 1500.00 |
This transaction increases the stock value, using the item standard cost multiplied by the received quantity. Note: If “Cost per warehouse” is active then the Standard cost used will be that for the warehouse into which the goods are received. |
||
| 930 | Reception from supplier | 1000.00 |
This transaction is the purchase value that is normally accounted on a purchase account in Financials. |
||
| 934 | Purchase price difference/stored | 500.00 |
This transaction accounts the difference between the standard purchase price and the actual net purchase price. |
Related topics
- Overview of accounting transactions during goods reception
- (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 goods without quality control and with a landed cost into transit stock
- (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