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Vulliet Fanny

Dear Sir,

I have a question regarding the difference between the supplier price & cost.

Both information are indicated in product :

sheet general info and purchase


Indeed, when I add information in purchase sheet (supplier and supplier's price), the price is not automatically put in the cost box. Why ? 

Do we put the cost manually when we had a supplier's cost ?


Version 17.


Many thanks for your reply

BR

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Vulliet Fanny
Author Best Answer

Thanks all for your answer.

It means that I can put cost manually depending on supplier cost + others costs (transport, taxes, ...).

This enter will just influenced the stock valuation, right ? 

Thanks and BR

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Fadi Ezzeddine
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Also, in my example:

I am based in Lebanon. I purchase an Item X from France at 100 Euros. Shipping cost + taxes + other costs + eur to usd conversion rate is 35% increase in my cost. 

So, my cost is actually 135 USD, not 100 Euros.

By separating supplier price and cost, i can know how much a product costs me at the source, and how much it is costing me landed in my warehouse.

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Ray Carnes (ray)
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My first Supplier charges $10 and my second $12. If I buy 10 from each and use Average Cost my cost is $11 per unit.



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