JGROSS1978 wrote:CADLOU wrote:Z23T wrote:The restock fee should go to 68800.
This also where you should put the price difference from a buyout from another dealer as well. If you buy a part from a dealer and GM cost is $1.00 and the dealer charges you 15% over cost, so you pay $1.15, $1.00 goes to 24200 and $0.15 goes to 68800. This keeps your book value correct as you are receipting a part that posts $1.00 to you physical inventory, but you paid $1.15 for it.
That seems like a lot of paperwork. Why not just change your cost when you sell the part on the invoice/repair order and put it all in 242? that still keeps you inventory at the correct level.
You will be dinged on your sales loyalty for changing cost.
Even GM's Invoice credits account 68700 for the 35% charge on an MR11 return. I just had one today and confirmed it.
JeepGuy wrote:They will not ding you unless you cost it above trade price.
PartsPlant81 wrote:According to my controller 68700 and 68800 are essentially the same in terms of how it will be shown on your DOC regarding Gross Profit. The separate accounts are more for tracking in the accounting office.
Even GM's Invoice credits account 68700 for the 35% charge on an MR11 return. I just had one today and confirmed it.
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