Entering Shipment Costs:
There are two transaction cost entries
Material/product which can be in local or foreign currency
Shipment on-costs
Material/product costs, where foreign currency is involved, must be processed through Invoice Entry – Release PO. All other transactions can be process either similarly or through Direct Supplier-Invoice-Entry (for non purchase-ordered expenditure).
Shipment costs are processed in the same manner as stock or expense items, only the ledger type is different. Whereas stock uses “S” and expense uses a “G”, a Shipment Cost number is referenced by type “J”.
When transactions are processed to a Shipment cost number they are, by default, posted to the Shipment in Transit account in the general ledger.
The Shipment Cost Type Elements:
In the first instant, a Shipment-Cost profile is created. Its purpose is to auto populate the actual Shipment-Cost record that is automatically generated upon the creation of a Shipment Entry. This example is taken from an actual entry.
More than one Shipment-Cost profile can be created and used. This would apply where a requirement existed to separate shipments into different General Ledger control accounts. However, this requires manual Shipment Cost generation. The process of profile loading is automated once a profile has been chosen.
The cost type structure can be alpha or numeric but only two characters. Cost types should be added to suit requirements
The Supplier Invoice(s) are entered into Minder the same way. They go against the container as a single line.
ie Cost Type is ‘J', then the Shipment Number and Finally the Shipment Cost Type which is '01’ in this case (see the graphic above, 01 = Material Costs)