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When you make the advance payment to the supplier, you should enter a prepayment type of invoice.
Later when the supplier sends you the actual invoice, the AP person should apply the prepayment to the actual invoice and then pay the remaining amount.
Hope this helps,
Hi Sandeep !
Here the problem is differnet.
Say, Truck shifted the material of 10 TON @ cost of Rs. 500.
Advance freight paid 100 rupees to the transporter T. Now i made the recipt and used the material. Now the landed cost of the material is 500 + 100. So it is Rs. 600.
Again 500 is the bill from supplier (Supplier S) and 100 advance for freight is given to the transporter (Transporter T) . Bothe are different creditors.
Later Transporter T raised the bill for the full frieght that is 200. Now against the prepayment of freight advance a amount of rs 100 i adjusted with the full freight amount that is 200 and paid rest 100 to the transporter T.
Now the landed cost of the material should be 700 for 10 TON.
My question is that, after recipt in inventory and using the material how i can update the final landed cost ?