Matching an Accrued Freight Pending Invoice
A company sells goods costing 8000 USD to a customer. When the goods are shipped, the accrued logistics charge for freight duty is 4620 USD plus 12% tax. A third-party carrier delivers the items and sends the company a supplier invoice for the associated freight charges. You pay the invoice in the interim, but the charges are passed on to the customer in a trailer code.
Shipment Postings
When the order is shipped, the following postings are recorded:
Invoice Postings (Customer Invoice for Items Sold)
The customer invoice is generated using Invoice Post and Print. The customer is invoiced for both the cost of the goods and the cost of freight.
Invoice Postings (Logistics Supplier)
An invoice is received from the logistics supplier for 5174.40 USD and is recorded in the system.
Receiver Matching Postings
When the logistics supplier invoice is matched to the outbound logistics charges pending invoice, the matching postings include:
Account | | Debit | Credit |
SO Expense Account | | 4620.00 | |
SO Accrual Account | | | 4620.00 |
AP Tax | | 554.40 | |
SO Accrual Account | | | 554.40 |
Total | | 5174.40 | 5174.40 |
