Hi Folks, I should admit first that I've only been using PeachTree for about a month now, and still learning. I am having trouble correctly accounting for fees/expenses associated with individual sales for a manufacturing company. For example, sometimes I want to account for Ebay fee's, PayPal fee's, shipping, handling fee's, etc for each sale. But these don't apply to every sale, and can varry in amount.
My end intention is this: I would like to be able to account for these fee's on an invoice(for simplicity), but not touch the original item sale price. In addition, these fees should show up under each item's costing report.
So I have setup four Non-Stock items in inventory, associated with its own 'Cost of Sales' account. When I add each of the four above items(fee's) to the invoice, it affects the amount due(because the amount entered on the invoice is the 'Price' for these fees). Obviously the larger problem here is that those fees show up under the Cost of Sales accounts as a negative number(as in I credited the debit COS accounts). Now if I try to negate those fees on the Invoice, my item price is mis-conceiving. Either way, with this methodology, this costing does not show up under the individual item costing reports(as mentioned above).
I suppose the only way to make the above work correctly is to enter $0.00 as a price for each fee on the invoice; however then I must change the cost of each of these 'fees' (in inventory) every time I do an invoice. I hope I am being clear in the problem and what I am trying to do. :-)
What methods have you used to retain individual item costing while still keeping everything else in check? I would rather avoid manually entering these fee's into the journal.
Thanks for reading! Jamie