Freight and shipping costs for capital equipment should be capitalized with the asset.
Because of this, if you have freight listed on the quote for capital equipment, please add a line to the requisition in the “Goods” section (not Services) of the requisition for it and code it to the same spend category as the equipment.
If freight is not listed on the quote, please verify with the supplier to see if freight will be charged for the equipment, since 90% of equipment is going to have a freight charge.
Contact Joyce Gredler via Ask Finance if you have questions. She'll be happy to help!
No comments
Post a Comment