Hello Team,
I appreciate your quick responses. At present, I am trying to see the applicability of ERPNext for one of our Clients, and hence I am posting a question / day. The client comes from Quickbooks background.
I am unable to map the following scenario in Accounting:
1. I have an Inventory Item AB001 valued at USD 1000 based at a private, leased warehouse.
I ask the Warehouse to change the item location from Location A to B, and the Warehouse charges me USD 10 for this service.
Business Scenario - I should be able to add USD 10 to the Product Asset value so that when I sell the product, I understand the till-date inventory value of AB001 (including all expenses I incurred so far).
Appreciate your advise to help me map this scenario. The Inventory that I have is carried forward from last year.
Thanks in advance
Sarang