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  13. (Accounting) Invoice FOC items

(Accounting) Invoice FOC items

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The following describes the accounting transactions the system creates when you invoice a VAT based item when the FOC field on the sales order line is set to YES, i.e. your customer should not pay anything for the item on the invoice (free of charge).

Prerequisites
The following prerequisites apply:

Invoiced qty 2
Sales price 10.00
FOC YES
Cost price 34.50 SEK
VAT item 25%

Created transactions

Transaction type Description Amount
Debit		 Amount
Credit		 Calculation/Result/Additional info
801 Cost of goods delivered FOC 69.00  
Cost price * Quantity

34.50 * 2 = 69.00

If the cost type is:

  • Standard cost, the cost price is retrieved from the Standard cost field in the Item file.
  • Average purchase price, the cost price is retrieved from the Average cost field in the Item file.
  • FIFO, the cost price is retrieved from the oldest active FIFO transaction in the FIFO file.
901 Stock value   69.00
Cost price * Quantity

34.50 * 2 = 69.00

The cost price is retrieved as described in Cost of goods sold above.

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