Credit Broker in Landed cost
Hi,
Can we credit the broker in the landed cost documents, If yes kindly let me know the process.
Thanks in Advance.
Thanks and Regards,
Jai
Hi,
Thanks for your quick response.
I am treating broker as a vendor and for transporter purpose. At the time of raising the landed cost document , Inventory account has been debited and I want to credit the broker account which is my vendor.
Thanks and Regards,
Jai
Similar Messages
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Hi Experts,
how can i set a account for different brokers in purchasing -> landede cost.
when i enter the landed cost it's not crediting the broker account. what is the solution?
RegardsHi Sandeep,
Tha Landed Costs will not post to the Broker. This is information only.
I think this thread will explain this well:
Landed Cost Payment
How To Manage Landed Costs in Release 2007 A
https://websmp201.sap-ag.de/~sapidb/011000358700000463992008E.pdf
Hope it helps.
Jesper -
How to reverse landed cost on open A/P Invoice
Dear Support
Please be so kind to assist wiht the following issue: I need to reverse landed cost from a open A/R Invoice # 72223
Purchase Order # 125025
Goods Receipt # 16426
Landed Cost 15332
A/P 72223
If i select the A/P invoice and copy to A/P Credit memo and preview the journal remarks first, the following error occurs
"Quantiy falls into a negative inventory"
My Question however are if I do proceed with this function, will this rectify the landed cost?
Please view the screen shots attached for investigation as well as the journal remarks on each document
Inventory Posting List:
The reason for not posting to the stock account is because the AR Invoice was been done before the landed cost has been processed:
At the time of landed cost there were no stock on hand, this has been the reason why the amount has been posted to the Price difference ledger account and not the stock account.
Your response will be much appreciated
Kind regards,
Ilze FourieDear Nagarajan
Thank you for your response, much appreciated!
Attached please find the screen shots
Kind regards,
Ilze Fourie -
Hi
Our cient adds 2 cost in the Raw material cost ( Customs duty and Clearing agent cost)
To manage this I have to added the following cost to my item price for which i am using landed cost functionality.
GRPO: Raw Material Cost ( Qty x Price) = 400 x 100 = 40000
Customs Duty ; = 10000
Clearance agent cost = 5000
The total (10000+5000) is added to item cost through landed cost and my unit price is increased as per requirement.
My concern is 5000 is gone into Clearance agent account created as an landed cost account.
Later AP service is raised for agent which hits my vendor and clearing & forrwarding account.
How to clear the value 5000 in clearance agent cost account.
Guide me if i am following wrong steps for landed cost. Solution will be appreciatedHi Prince......
This 5000 which was credited during Landed cost you have to debit this during AP service invoice as you mentioned in your thread where clearance agent cost account will be debited and your vendor account will be credited.
This way clearance agent cost account credit at Landed Cost level and clearance agent cost account debited at AP Service Invoice Level will make this account settled.....
Hope this is the right solution for you.......
Regards,
Rahul -
Landed cost - Is it only for Import ?
Hi All,
I am using SAP 2007 B PL 08 in country India.
I would like to know, whether we can use the Landed cost option for the domestic purchase or not ?
If not, then why ?
BR
Samir GandhiHi Raja,
Thank you very much for the answer.
Can u please let me know iwhether I should use Landed cost for following scenario or not and what extra care I should take for it ?
I purchase a item @ INR 10 QTY 10 from vendor XXX and posted respective PO/GRPO/AP Invoice.
Then I receive a Invoice from Transporter for INR 10, and I paid commission to broker INR 10 for the same
transaction.
Now I wish to
1.Load this 2 expenses to Inventory
2.Pay to respective vendor (Transporter,Broker)
3.Also post above two amounts to Expenses
After doing above, now I wish to deduct the expense amount from original vendor (XXX).
BR
Samir Gandhi -
Report which gives the landed cost of the item
Hi ,
Can anyone let me know is there anr report in R/3 which gives gives me the landed cost of the item for a particular considering my net price of the item including my delivery costs, credit memos, sub sequent debit/ credit. Either in R/3 or in BI.
Help meThanks
We can generate the report from KOB1,S_ALR_87013002,KOC4 based on the production orders.
Thanks -
Landed Costs and Warehouse Transfer Costs
We have an issue that Iu2019m sure B1 can handle, but Iu2019m not sure how to go about it. When we have a shipment of items come in from overseas, we enter in a landed costs document so that those shipping costs are appropriately distributed as products are sold from our LA warehouse. Sometimes however, we ship multiple items from our LA warehouse to our Utah warehouse. What I want to do is basically run another landed costs, so that the shipping costs of sending items to Utah is also apportioned between the different items. There doesnu2019t seem to be a place to enter this in the Inventory Transfer document. How would I go about solving this problem?
Hai Derek Perkins,
Try it out this solution if it satisfies,
Instead of booking Inventory Transfer, Book a Goods Issue(which Credit the Material Acc and Debit Freight Acc)
Then Book Goods Receipt with (Itemcost+Freight Cost) as unit Price (which Debit Material Acc and Credit Freight Acc)
Now, the Expense incurred in Transport can seen through Freight Acc.
Note: In Goods Issue even if u enter Price system pass Ledger only for Itemcost.
Regards,
Thanga Raj.K -
Confused about the Landed Costs Allocation Account
Hi, Im uncertain about which account to use in the landed costs module.
What we are doing right now is this:
We add our raw materials throught the Goods Receipt Module Debiting our inventory and Crediting the allocation account which its in the liability category.
Next we add our transportation and import costs through the landed costs module. Here we debit the same inventory account and Im not sure as to which acount to credit. Should I use the same allocation account?
Can some please share your experience?
Thank you.Hi Jose,
You should use a different allocation account. When you pay the bills to the customes agents and freight companies for the landed costs, they can be coded to this allocation account and can be reconciled accordingly.
The allocation account used for the goods receipts is cleared when processing AP Invoices to the suppliers, and should also be reconciled for differences
Hope this helps -
Hi All
In 2007 B Landed Cost document, the system will pass a automatic
journal entry. i am not able to select project field in the row level
of the landed cost document.
In client business scenario, he will import all goods based on projects
and he wants to know how much revenue and expenses are getting on that
project. Could you suggest me how to follow the scenario for Landed
Cost.
One landed cost Document can be based on multiple GRPOs created for different projects.
Ex:-
Having 4 GRPO's with project A, B, C and D respectively.
When i am making a landed cost document.
I will select all this 4 GRPO's into one landed cost document.
My price distribution will be based on weight and volume.
At present Journal Entry
Raw material -- --- -- -- --- --- Debit
Transport -- --- -- -- --- --- Credit
I Need
Here i need to distribute the price project wise
Journal Entry
Raw material -- --- -- -- --- --- Debit for project A
Raw material -- --- -- -- --- --- Debit for project B
Raw material -- --- -- -- --- --- Debit for project C
Raw material -- --- -- -- --- --- Debit for project D
Transport -- --- -- -- --- --- Credit for Project A
Transport -- --- -- -- --- --- Credit for Project B
Transport -- --- -- -- --- --- Credit for Project C
Transport -- --- -- -- --- --- Credit for Project D
Edited by: Siva Reddy P on Jan 19, 2009 5:38 AMHi
Sir
What i want to say is that for every landed cost u have to assign a G/L account
and for every G/L account (expenses and revenue only ) u can predefine the Profit Centres
so for example the landed cost is 'A' you can assign 'X 'G/L Account to it so u can assign ' Y 'Profit Centres to 'X' G/L account it means whenever you SELECT landed cost 'A' in Landed document with 100 Rs it will hit Profit Centres ' Y '
You have assign distribution rule actually so if Y1 and Y2 are Profit center and u have to assign landed cost IN 20: 80 ratio u can do it by defining a distribution rule
Avtar Singh Saini -
Error while entering Landed Cost
Hi Experts,
We are using Landed Cost to add freight charges to item cost.
For one of my GRPO it gives me error as...
Invalid Account Code (173-9)
will you please suggest me any way out.
Thanks,
SuryakantHi Suryakant,
Have you checked these threads?
Invalid Account Code error when posting AP Credit Note
Invalid Account Code (Message 173-9)
Thanks,
Gordon -
Landed Cost - copy from Good Received PO
Dear Experts,
I have Created a AP/Reserve Invoice and already done its Good Received PO. Unfortunately, the item prices for all the items were wrong. (Thank GOD i have not done the Landed Costs ).
I tried to Copy the Good Received PO to AP Credit Memo, but this option was not available, and was not also able to copy to Goods Return for the same.
I tried the Vice Versa, i.e. went to the Goods Return and "copy from" but i did not find the Good Received PO for that supplier. I also went to the AP Credit Memo and tried "copy from" Good Received PO, but this option did not have the "copy from" Good Received PO in the list.
I came across an alternative solution which was to create Goods Return and then Copy that to AP Credit Memo. I have already done this.
Unfortunately, when i go to Landed Costs and select "copy from" Good Received PO, the OLD (and wrong) Good Received PO also appears in the list. I tried to reconcile the BP in the BP->Internal Reconciliation->Reconciliation, but still the Good Received PO appears in the Landed Costs "copy from" list.
Is there a way in Landed Costs "copy from" Good Received PO i can have the already reconciled BP's Good Received PO not appear in the list?
Any help will be highly appreciated.
Thank you.
regards,
Feroz Dosani.Dear Dosani,
Firstly, it is normal that you cannot create an ap Credit Note directly from the GRPO. When the user needs to revert a GRPO s/he needs to close it with a Goods Return.
Secondly, what we have to establish now is why you cannot create a goods return PO based on the GRPO even if the GRPO is still open.
Do you receive any error messages? Is the option G. Return grayed out?
Please, give us some more information and we will try to help.
Thank you.
Marcella Rivi
SAP Business One Forums Team -
A/P Invoice from landed Cost
How can I raise (covert) a Purchase Order that includes other LANDED COSTS into an A/P Invoice.
This question raises the issue of the additional costs added to a Purchase Order via the Landed Cost procedure which does not seem to add the Extra Cost to the Order?
thanks
RobertHi Cesar, Suda
The issue i am raising is the Total Charged to the Creditor which seems to be short by the amount added to the Landed Cost:
1 I raise an Item order no 1946 for 1000 items at £2 each = £ 2000
2. Goods arrive and the Supplier Invoice is for £2000+£250 (other charges) so I do GOODS RECEIVED procedure and Add this document - Journal entry is created for only the £2000
3. The Supplier Invoice has additional Charges of £ 250 so I go to Landed goods and add £250 Costs, this seems to increase the Cost Per Item from £2 to £2.25 because the Total Invoice is £2.250/1000
4. The main problem is that when I convert my Order 1946 to an A/P invoice it is only for £ 1000, so the the Creditors (Supplier Account) is only Credited with £1000
To make this procedure correct (accounting wise) the Landed Cost Document that for £1250 should be converted to an Invoice and not the Original Order for £1000. So what I would like to know, what is the correct procedure to Credit the Creditor with £1250 and Debit Costs of goods with £1250
thanks
Robert -
I understand the Landed Cost procedure but I am not sure how this cost is added to the A/P invoice
Example: I receive an Invoice from a supplier ABC for 1000 units at £1.50 cost each = £1500 but on the same invoice I have Other Costs of £300. So my Total Invoice to pay is £1800.
The problem I have is how to process this Invoice because
1. I raise an Item Order no 1946 for 1000x1.50= £1500
2. Goods are Received = Goods receipt procedure
3. Via Landed cost Procedure I add the £300 to costs and it shows me that the Cost per Item is now 1800/1000= £1.80 per item
4 Now, if I turn my Item Order 1946 into an A/P Invoice, this will miss the extra £300 that my supplier charged and I am not sure how to handle this situation.
Thanks for your help
Robert
I am obviously missing the point about the correct Landed Cost procedureThank you Jimmi and everybody.
I managed to work out the issue and my understanding is as follows:
The proper procedure for an A/p Invoice with landed costs should be:
1. Raise A/P invoice as normal (Order/Goods Receipt) and add the additional cost Using the Freight/Other Costs option. This will Credit the Creditor with the correct ammount and the main ISSUE is that the Freight/Other costs in the setup, should be set to the Landed Cost Suspense Account.
2. Go to Landed Cost Procedure and add Freight/Other costs as described in the manual - this procedure will automatically Credit the Landed Cost Suspense Account and increase the Stock value accordingly (as set up in the landed cost setup - by quantity or % etc)
there seems to be a lot of confusion about this procedure but I think that this is correct and there is no need for any adjustment journals.
thank you
Robert -
Fixed Asset procedure For acquirsion Throught Landed Cost
I Have To Import A Fixed Asset From Foreign Vendor.But How Can i Able Charge Landed Cost To That Asset.means Simple Landed Cost procedure just Cost the Charge to Inventory item But How To Fixed Asset
Regards
NaveedNaveed,
Landed cost only supports inventory item in current system design. You need to do it manually for Fixed Asset.
Thanks,
Gordon -
Landed Cost not showing in Inventory Audit
I have a query that goes against the OIPF/IPF1 tables to locate all Landed Cost transactions for a particular item. To test/verify the query, I ran the Inventory Audit report for the item. There are transactions returned from the query that do not show in the Inventory Audit report. Is there any reason or circumstance under which a Landed Cost Transaction would not show in the Inventory Audit report. I checked against all warehouses. This does not seem to be a singular event in that I have found random occurences of this for different items yet the majority of the time the Audit Report returns all entries.
Dear Cristian
Please check the Following things.
1)First check audit report for a Single Product.
2)Select all warehouse in Audit report.
3) Check you landed cost entry if your JV not pass in landed cost, so landed Cost not reflected in you audit report. (Auto JV not pass in SAP 2005 Version)
Please check and Let me Know.
Regards
Mangesh Pagdhare.
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