Distribute Expenses – FIFO

If adaptation 824 "FIFO Landing cost" is used you can distribute expense invoices such as freight, insurance costs, packaging, and customs costs on supplier invoices. This way the purchased parts will obtain the best possible FIFO value. To be able to distribute expense invoices you must deselect the setting called Log final price when final coding supplier invoices. Expense invoices are distributed in the Distribute Expenses – FIFO procedure, under the Accounts Payable menu, and will then be saved in the Save Expenses – FIFO procedure. In the Save Expenses – FIFO procedure you can select list type Historical. In this list you will see historical distributions of expenses.

Credit and Delete Expense Invoices

If you credit or delete a supplier invoice containing parts with distributed expenses, then all transactions will be undone.

If you partially credit or delete a number of parts with distributed expenses, then this quantity will be undone.

However, we do not recommend that you credit/delete an expense invoice that has been distributed since the FIFO price will not be correct for the part.