Effect of Expense Included in Valuation in Profit and Loss - jigneshpshah/greycube_helpmanual GitHub Wiki

Expense Included in Valuation

"Expense Included in Valuation" should be handled so that expense are not booked twice

a) Via addition in FG Valuation Rate (Cost of Goods Sold)

and

b)via direct Expenses booked against Bank/Cash.

Hence there are 2 options

1. The Actual Expenses (labour, electricity , rent etc) can be bifurcated instead of "Expense Included in Valuation" in the Manufacture Stock Entry

or

2. "Expense Included in Valuation" is a liability account which gets Credited in Step 1 if not bifurcated ,hence at the end of the year/ month

Account	Dr	Cr
Expense Included in Valuation	2000
Electricity		1000
Rent		500
Labour		500