货运中遗失的货物，应当是debit sales？COGS？还是expense？

zrr_7

刚刚有同事问我要关于good.loss in transit的coding
以前操作一直不规范，有code去sales,cogs不等。
特意上来问问：
1.你觉得这个transaction有sales产生吗？
2.换句话说，你们觉得应该减少sales还是增加cogs？

先谢谢啦
个人认为是增加cogs

[ 本帖最后由 zrr_7 于 2012-7-26 15:14 编辑 ]

kaixin123

not sure if this is the correct way to do it, but it is what we do before :p
i think it depends on who is entitle for the goods when it is lost. & you may be able to claim from freight company or insurance

1. in my previous company, the title transferres after goods is delivered to customer. therefore, the invoice date is on the date they receive the goods. In this case, we won't invoice customer for the lost goods. if invoice has issued, we will create credit note for it.
2. if you record inventory record, you will also need to adjust your inventory as the qty of goods in your system does not match your physical stock qty. we have a COGS account called something like "inventory write off" to record the movement in special case like this and revaluation of inventory
3. if the goods is actually short delivered by supplier, we need to raise claim for it

sunnyclh1211

COGS, Inventory shrinkage

zrr_7

谢谢回复。
我想了一下，应该有两个journal entry.
1. dr sales cr A/R  for whatever stated on the invoice
2. dr inventory shrinkage/write off cr cogs

有人同意吗？

KKei

完全取决于你的trade contract 的TERM和你inventory 是preptual or periodic

不是一句COGS, sales, expense or inventory.

zrr_7

perpetual,logistics manager已经approve for credit了。

不确定oracle有没有自动write off cogs，当credit note issued 的时候。

现在您的想法呢？

KKei

首先你是PERPETUAL,我假设你approve for credit的话。那INVOICE 已经出去了。

出了INVOICE，就RECOGNIZE了INCOME，所以先REVERSE INCOME RELATE。

因为库存是PERPETUAL，所以已经CREDIT OFF 库存，当你出货时，所以和INVENTORY没关系了，不能再TOUCH INVENTORY。

所以还有没几个了。自己想吧。

zrr_7

本人比较愚钝，除了adj cogs，想不出别的了。

KKei

原帖由 zrr_7 于 2012-7-26 20:33 发表
本人比较愚钝，除了adj cogs，想不出别的了。

你的proposal journal没有大问题。

DR SALE(INCOME) CR AR<---Derecongnize Income

DR EXP(如果INVENTORY SHRINKAGE 是P&L的就可以用) CR COGS <-------Expense reclassification

如果你DR INVENTORY( B/S ITEM)也不怕，月底有stock take entry 会adj. 如果你们做STOCK TAKE的话。

[ 本帖最后由 KKei 于 2012-7-26 20:41 编辑 ]

kaixin123

1。 issue invoice
Dr AR
Cr sales
Dr cogs
Cr inventory

2. Issue cr note
Dr sales
Cr AR
Dr inventory
Cr cogs
这个是系统的纪录，不知道oracle是不是这样
3。adj inventory
Dr inventory adj ac in p& l
Cr inventory in bs

如果有错，敬请纠正^_^

kaixin123

1。 issue invoice
Dr AR
Cr sales
Dr cogs
Cr inventory

2. Issue cr note
Dr sales
Cr AR
Dr inventory
Cr cogs
这个是系统的纪录，不知道oracle是不是这样
3。adj inventory
Dr inventory adj ac in p& l
Cr inventory in bs

如果有错，敬请纠正^_^

zrr_7

谢谢回复。

因为东西已经丢了，拿不回来了，对inventory应该是没影响的。
所以issue credit的时候，除了adj sales.在cogs，只能是把原先在issue invoice时book的cogs reclass到同是cogs的一种—inventory shrinkage/write off.

kaixin123

agree,

mine is system default entry, that's why i have to adjust that :)