shipping and payment discounts

Dec 01, 2005 2 Replies
R

Hello all,



I'm running QB Pro v5 and need a bit of advice on how to deal with shipping charges and pre-payment discounts as it applies to inventory items.



Currently I add the cost of shipping to the items I receive. Likewise, I subtract the discount I receive when I pay promptly. This is a ROYAL PAIN when I receive 284 items and have $18.91 in shipping and a $32 pre-payment discount... but I manage.



The problem I have is one vendor (90% of my business is through them) that does not always show the shipping and/or discount for several weeks after I receive the order. How should I manage the cost of inventory items?



Once I receive an order (off a PO) is there a way to revise the price of items just received? (Should be reflected in the Avg Cost)



Is there a way to automatically add shipping and subtract discounts applied to an invoice and have them spread out amongst the items purchased?



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N

You can use adjust inventory feature - where you can adjust price or quantity of the item after the fact.

You could just book inventory item cost to inventory and expense discounts and freight.

r wrote:

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A

Agreed. Most users treat terms discounts as income when taken anyway and because QB does not have a feature to automatically allocate other costs such as freight then expensing them seems like a good idea as long as these costs are not material.

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