Other Charge Items
Other charge items can be used to designate items or services you purchase or sell that do not fall into another type of item.
For example, you might use other charge items in the following ways:
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Other charge for sale – to charge for gift wrapping or alterations
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Other charge for purchase – when your company must pay a vendor a rush charge
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Other charge for resale – when you receive free boxes with a wholesale purchase but sell the boxes for a profit.
Fulfillable/Receivable Status
When you use both the Advanced Billing and Advanced Shipping features, you can set a permanent status on other charge item records. This status enables or disables them to be fulfilled or received. Then, order processing is based on the fulfillable/receivable status of the item.
Determine the status for each other charge item by checking or clearing the Can be Fulfilled/Received box on each item record. For more information, see Advanced Billing and Advanced Shipping.
Vendor Bill Variances
After enabling the Advanced Receiving feature, you can enter vendor bill variances and generate journal postings to variance accounts. These variances can be based on quantity, price, or exchange rate discrepancies.
When you check the Generate Accruals box on the Preferences subtab, Vendor Bill variances generate and post an accrual to the general ledger. For more information, see Vendor Bill Variances.
When the Generate Accruals preference is set, other charge item records include three variance accounts on the Accounting subtab:
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Price Variance Account – resolve variances between the unit cost of items on bills and receipts.
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Quantity Variance Account – resolve variances between quantities on bills and receipts.
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Exchange Rate Variance Account – resolve variances between exchange rates on bills and receipts.
Related Topics
- Item Records for Data Tracking
- Groups, Assemblies, and Kit/Packages
- Item Groups
- Kit/Package Items
- Matrix Items
- Serial Numbered Items
- Lot Numbered Items
- Customizing Lot or Serial Numbered Item Records
- Drop Ship Items
- Special Order Items
- Gift Certificates
- Inventory Items
- Service Items
- Download Items
- Discount Items
- Subtotal Items
- Description Items
- Markup Items
- Expense Items
- Non-Inventory Items
- Payment Items
- Item Types