Additional Accounting Entries

Expenses and other charges like Import Duty, Freight, VAT, Sales Tax can be specified here which will be calculated automatically on the Type of Calculation and Value basis. For explanation on each Type of Calculation, refer the Appendix.

We have selected Freight which is an account under the group Direct Expenses.

Type of Calculation

We select User defined value as we would like to input the amount of freight charged on the invoice.

 

However, we would like Freight expenses to be apportioned to each stock item based quantity and we want the apportionment done automatically.

Auto-allocation of Additional Entries to Stock Items Purchased

(This method is not applicable for sales invoices)

The Group Direct Expenses had been altered earlier to allocate by quantity. Hence, the allocation will be done automatically based on quantity.

Your purchase voucher class has been set-up. You can have more than one additional accounting entries. You can also have more than one Class.