Book Shipping Costs

Hi! I’ve been reading a lot of topics regarding this but i would just like to check if what i am currently doing is correct.

Upon receiving invoice from Transporter for a particular order, we place a Journal Entry booked under expense (Shipping Charges) to issue out full payment. Then we create a Landed Cost Voucher entry to update valuation of the received goods for that particular order.

I would like to know if doing this would cause double entries in GL? And if there is a better way to process this?

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This approach is fine.

Landed Cost Voucher only updates the valuation of an item. It does posting in the Expense Included in the Valuation account, but that’s a negative posting which gets nullified against COGS in future, when item is delivered. Hence, the only expense booked is one via JV.

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