We have a situation whereby we keep inventory in a government bonded warehouse. When we receive these items no tax is paid once they are in this warehouse so the cost we recognise is the invoice cost. However, when we remove them (may only be a portion according to our needs) to our store the taxes become due. This means that the value of the items are now higher. If we do a transfer it will not be the correct value as the transfer will be ex-tax and if we do a new receipt using the tax inclusive value how do we adjust the ex-tax items in the warehouse?

Hello CPS,

The Stock Transfer function allows you to assign additional cost to items when posting the Transfer.

There are 2 fields that allow this. The "Cost to prorate" field in the Header (Stock Transfer) window and the "Additional cost" field in the Detail (Edit Stock Transfer) window.

Sounds like the Additional cost field is the one you want as it allows you to assign the cost to the specific item in that window.

On the other hand, the Cost to prorate field would assign the amount entered to all items in the transfer by prorating the amount based on the percentage of total cost (entire transfer cost for all items) that each individual item transfer cost represents.

Hope that helps.

Pete

Yes it does. Thanks