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Cost tracking in tally erp

15 July 2017

how to track cost of a item when frieght is already paid by client .

for example bill value is Rs. 110/ (100 is material cost and Rs. 10/- is frieght ).Total amount payable to supplier is Rs. 100 only. frieght will be paid by client.

what will be the entry in purchase , so that ledger value of supplier shows Rs. 100 as outstanding.

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5 Replies

RAJA P M ("Do the Right Thing...!!!") (127072 Points)
Replied 15 July 2017

If freight paid by client then why you add it your/supplier Invoice...

RAJA P M ("Do the Right Thing...!!!") (127072 Points)
Replied 15 July 2017

If you are the Supplier and you ll be add the Freight in Invoice... Then follow the steps...

DR	CUTOMER	Rs. XXXXX
CR	SALES A/C		Rs. XXXXX
CR	FREIGHT		Rs. XXXXX
CR	CGST		Rs. XXXXX
CR	SGST		Rs. XXXXX

Saurabh Jaju (7 Points)
Replied 16 July 2017

because material coming in as to pay, that is to be paid by me, but shown in invoice, ultimately i have to consider cost of frieght into account for taking out actual price.