Landed Costs- Allocation By Weight.
Hi,
When trying to allocate landed cost by weight the Freight(FC) column which shows the bifurcation of cost amongst individual items distributes the cost in a manner which is difficult to understand.
e.g. If the landed cost is $50
There are two items as follows:
Item 1: Qty 50 , Weight 75 kg
Item 2: Qty 20, Weight 20 kg
The Per unit bifurcation of the cost in the "Freight (FC)" column is shown as 0.79 for Item 1 and 0.53 for Item 2.
Logically, the total cost should be divided by the Total weight and then priority should be given to the item weighing the highest....
However, this is not what is happening.... Instead $50/95 kgs= 0.5263 or 0.53 is the costing apportioned to the lowest weighing item
Can you please explain?
Regards
Hi
Check this EES on Landed Cost
[https://websmp201.sap-ag.de/~sapidb/011000358700006406272006E/CW47_FIN_LandedCost.pdf]
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(1) Needed help in finalising the process of freight. In many cases (mostly
interstate) the customer arranges for the transporter to bring the goods to
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against which they will book it in tally and clear its payments.
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(2) Also in cases when the customer is importing some item, the bill of entry
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soon as the material arrives and GRN is done the stores issues it to
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Md.nazeer shaikh -
Hi,
What is landed cost??
Is it automatically posted when we create a document in SAP Business One 2005?
Is every company suggested to have landed cost?
ThanksHi,
Landed costs have to be allocated for imported items in order to calculate their real cost.
Landed costs include the air or sea transportation, insurance, storage, and so on. To assign each imported item to its relevant landed cost, allocate these costs to the various items according to a certain criteria.
The above explanation is taken from the Help.
Generally the landed cost is to be calculated for purchase items other than the material cost like freight, carriage inward etc.,
Let us assume in purchase bill vendor has billed for only Rs.1000/- inclusive of all taxes etc., After wards the cost occured during the transportation say 100/- then the purchasing price will be added with this amount and totally Rs.1100.00.
In B1 you need to handle in such a way that first GRN to be entered then that particular GRN will be opened in the Landed cost document and add the additional cost occured then save it.
Then again open the entered the document entered, and open the "Journal" tab press the create jounral button. This will Open the Journal entry form and pass the JV. As soon as pass the JV, the additional cost will be added to particular item warehouse wise then you can see the item cost in the item master --> INventory tab.
Mostly this calculation will be done for imported materials.
Hope this will help you
Regards,
Venkatesan G. -
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 -
Hi,
It is possible to create documents Landed Costs through the DI API?
From what version it is possible to create?
Best Regards,
TiagoHi Tiago,
I think that only the LandedCostsCodes Object is available
From B1 8.8 SDK Help File
The LandedCostsCodes (Select Administration --> Setup -->Purchasing -->Landed Costs.) object enables to define codes for landed costs and their distribution type. These codes are used in delivery notes to divide the landed costs between the items according to the specified distribution type (AllocationBy), such as weight.
Regards,
Vítor Vieira -
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good morning
creating a landed cost from Goods receipt PO,
items tab (1st time) "Projected and Actual Customs" are the same, so put $ value at Actual
nothing entered on "Costs" tab,
So we "add"
and, get the error message "custom allocation and custom expense accounts have not been defined" (message 3569-7)
the GL's have been set up for "landed cost" and have checked the GL account determination and nothing is blank
what/where are we missing.
Thank youHi Jill2 Byford
Go to Administration >>> Setup >>> Inventory >>> Custom Group to define Custom allocation and custom expense accounts.
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Our Client would like to have a prompting to remind User to allocated Landed Cost before selling the Item as Users always make mistake and sold items before allocating landed cost to Goods Receipt resulting wrong posting of accounting entries to variance accounts.
Kedalene ChongHi,
we are discussing this topic also here in Austria, as a customer usually ships the goods the same day when having received, and the AP Invoice is posted some days later.
Our suggestion is a batch job that is used for period closing, which checks all shipments that were made before having posted the regarding AP Invoice, to bring a control report that sums the entries according to Item "Set G/L Accounts by" and the setup of freight costs for distribution method, so that this amounts can be balanced manually (or even better automatically) within G/L from variances to the according COGS accounts.
Basically we need the distinction between preliminary costs (goods are shipped without having posted AP Invoice) and final costs (AP Invoice is posted).
For the moment only manual journal entries from G/L account variances to COGS is possible.
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Martin Fürst -
Expenditure in Landed cost!
Hi, evrybody!
Can you teach me about expenditure in landed costs. I raded help file but i don;t clrear. Can you give me an example about it!
Thank youHi Tien,
1. Firstly in the details tab when you select yes only then the expenditure tab will be applicable in the Items tab.
2. You should select the value to determine whether to allocate landed costs for the current Row( Item).
3. If yes then you will have to choose on which Price list the calculation would be based on in the details tab
4. Expenditure is always Fixed Cost + Variabel cost ( Which will be greyed out if you are using perpetual Inventory system)
5. In the Fixed cost column of the costs tab enter the allocation by there are in all 6 choices . You need to choose the choice which is applicable. You can also create new landed cost from this tab.
6. Once you enter the allocation by and the amount it will be reflecting in the expenditure column of the items tab.
Also note that no calculations can be done without the FOB price.
Nagesh. -
Blue lines in document "landed costs"
In my document for landed costs I get blue lines by two articles. Why do they turn blue? What is the problem with them?
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Thanks. -
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,
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