Dec 16, 2018 · Our manufacturing company pays freight-out to logistics providers to ship products from our warehouses to customers. We do not charge freight-out in our customer invoices. …

Oct 29, 2015 · Looking for opinions - do you include the freight charges passed through to customers as top line revenue, or as a reduction of your cost of goods sold? Thanks.

Hello! When it comes to shipping and freight costs in Canada, they can sometimes be included in the cost of an asset or inventory, especially if those expenses are directly related to acquiring …

Jun 21, 2016 · Initial freight in should be added to the value of the inventory (per GAAP as it makes up the initial valuation of the inventory - along with any testing, etc). Movement …

Shipping Costs: Classifying Freight In and Freight Out Expenses Confusion over whether shipping costs are part of product cost or operating expenses. Freight-in costs paid by the buyer are …

Customer: I am not sure how to handle freight vs shipping charges in my accounting system. When I am charged freight for COGS items is this considered freight in and should be in the …

The journal entry related to Freight-out is a debit to Freight or Shipping under some Sales Expense category in the accounting records since that is freight costs on merchandise shipped …

Confusion about when shipping fees are taxable and how to handle in-state versus out-of-state charges. Sales tax on shipping or freight charges depends on state laws and whether the …

Jan 27, 2016 · As with inbound supplier freight.. 2. From a cost controlling perspective, how do other companies segregate this cost (i.e. separate cost center?) to ensure visibility and proper …

Feb 24, 2015 · There are a couple of solutions: 1) You could require your purchases for product you will resell, have the vendor charge freight on the invoice (and not use your Fed Ex account …