Short version of my question:
How do I enter charges during the sales cycle, where the charges are to be covered by me and not my buyer.
When selling an item, I see that there is an option to include additional charges under “Taxes and Charges”. But I have some charges that will not be paid by the buyer. For example, shipping charges, payment to logistics company for shipping, etc. I want to account for them somehow, so that my Profit & Loss calculation is correct. But I can’t charge my customer for this. How do I do this?
On the purchase side, I had a similar question as to how I can account for some expenses that the supplier won’t pay. I still wanted to include them so that stock valuation is calculated correctly. I found out that the answer was to use “Taxes and Charges” in the Purchase Order and then set “Consider charges or tax for” as “Valuation”. This worked beautifully. I expected something like this on the sales side as well.
What am I missing?
Side question: How do I reopen a closed forum topic? I would like to update one of my previous discussions with a newer/better answer (Deducting fees in a purchase order) in case it is useful for others.