Shipping charges
How to I keep track of shipping I charge my customers and shipping I am charged?
70
78
c0HkbuuQer4yUOacwZ5xHE
02/08/12 2:10pm PST
Viewed by asker 02/13/12 8:06am PST
Viewed by asker 02/13/12 8:06am PST
3 Replies
pvsuppliers
Questions asked: 24
Questions answered: 10744
Points earned: 29339
Questions answered: 10744
Points earned: 29339
Allstar
Advisory council of community power users.
Intuit Moderator
Mod/Co-mod
02/08/12 5:19pm PST
create an expense account called Freight Charges. that's for when you pay for postage or UPS, etc.
create an "other charge" item called Shipping and Handling. that's what you put on the invoice to your customer. you can pass on the exact cost of freight to the customer, or you have the option of marking up the freight on your shipping & handling.
If this answers your question, please click on "solved."
Why carry the stick if you're not going to stir the pot?
02/09/12 6:55am PST
I like your answer, it's simple. Is the "other change" an income account or cost of goods sold?
02/09/12 8:07am PST
Latest post
The solution
the incoming freight expense is COGS. the shipping is income.
If this answers your question, please click on "solved."
