I have a supplier who charges a commission and some other small fees in addition to the shipping charges. I need to include the extra charges in the valuation of the product I receive from the supplier so I add the extra amount to the Taxes and Charges table in the Purchase Invoice. In this scenario I am receiving the product with suppliers invoice and paying at the same time so I choose to select “update stock” and “Is paid” in the purchase invoice. When I submit the purchase invoice The value of the stock is the value I would expect in the stock ledger. However in the general ledger there is a credit to the expenses included in valuation account that I’m not expecting. It seems that the additional fees that I added to the “Taxes and Charges” table always go into “expenses included in valuation” even if I select to have them put into my parts and materials asset account.
Am I missing something as to how this is supposed to work? Do I have to make a manual journal entry to move the amount from “expenses included in valuation” to my parts and materials inventory account? also shouldn’t “expenses included in valuation” be an asset account rather than the default of an expense account?