Summary
Item charges are an ideal way to record item-related financial transactions without affecting inventory quantities.
A company can use item charges in the purchase processes to improve the accuracy of cost and contribute to improved decision making.
After having completed this module, you can:
Set up item charges by creating a new item charge and assigning G/L accounts in the general posting setup.
Process item charges for a purchase order.
Process item charges for a purchase invoice by assigning item charges to multiple items and allocating item charges based on volume or weight.
Analyze the direct unit cost of an item.