Below is the process we have used to manage landed cost and has worked at the implementations were it was used.
1) Create a misc. charge code under PO/Setup/Misc. charge codes that posts the debit to the item, and credit to the freight account (which is used for the third-party invoice). 2) Then go ahead and post the invoice of the carrier directly to the carrier, using the freight cost account as an offset. So now you can pay them for the service. 3) Update the already posted PO invoice: Go anywhere we you can access the invoice journal (e.g. Inquiries on the vendor / then invoices). When looking at the invoice, click on the Misc. charges button, then adjustment. Pick the new code (I called mine landed cost), be sure to pick the correct date - which could either be update to the time of the original invoice (cost will be recorded together with the financial receipt of the item) or today's date (cost price will be updated for all outflows starting from today for this item). 4) If you want to check the postings: the original carrier invoice went into account xxx freight in debit the misc. charges went xxx freight in credit (so 0.00 freight) and debited the item cost. Nancy --- Faiqa Khushi <[EMAIL PROTECTED]> wrote: > I studied in Logistics 1 that we can use misc. > charges setup for landed cost > as it increase the item cost. I follow the steps > written in the manual. > During setup of misc. charges code it asks for > posting setup in which I pick > "item" in debit and a ledger account in credit. But > its not changing item > cost with this scenario but it work well if I > select item in "Debit" and > vendor/customer in "Credit". But in that case it > credits the purchasing > vendor which we don't want as we need to credit > third vendor e.g. insurance > vendor. > > Kindly also pass on some knowledge about "Posting" > dropdown option available > in account payable>>setup>>misc. Charges>>Misc. > Charges Code . > > > > > > Regards, > > > > Faiqa > > > > > > [Non-text portions of this message have been > removed] > > ____________________________________________________________________________________ It's here! Your new message! Get new email alerts with the free Yahoo! Toolbar. http://tools.search.yahoo.com/toolbar/features/mail/
