Inventory Valuation for Purchase Charges

When freight is include as a Charge on the Purchase invoice, will it automatically be added to the item’s asset value?

If not, is there anyway it can be included? I was thinking of the Landed Cost Voucher.

Thanks, Omkar

Hello Omkar,

Valuation of item is determined based on item rate + taxes + other charges in the Purchase Receipt. Hence other charges should be updated in the Purchase Receipt. If it is already submitted, then you can update it via Landed Cost Voucher.

Thanks for the response Umair.