Landed Costs Journal Entry

My customer created a Purchase Order, then a GRPO based on the PO.(both in USD) for different items of different item groups.
They then created Landed Costs based on the GRPO in ZAR.
The journal created the following transactions :
Item Group A to Price Diff Account
Item Group B to Price Diff Account
Item Group C to Price Diff Account and to Stock Account.
For Item Group A & B there was no stock account postings.
Any ideas on how to sort this?
Thank you
Janice

Hello Janice,
The Debit posting accounts in Landed Cost transactions depend on the current In Stock quantity of the item.
If the In Stock Qty > = Landed Cost Qty, then only the Stock Account will be used.
If the In Stock Qty < Landed Cost Qty, the landed cost amount will be split between the Stock and Price Difference accounts.
If the In Stock Qty = Zero, then all the landed costs will be posted to the Price Difference account. This is in the assumption that all the items have been sold. Hence, any further costs pertaining to the sold items will be considered as an additional expense to appear in the Profit and Loss Report.
The above scenarios are described in Note 1161695 entitled Price Difference in Landed Cost transactions.
I hope it helps.
Regards,
Lorna Real

Similar Messages

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    Hello every body.
    Something rare is happening to me when I try to make a Landed Cost Journal Entry.
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    I need to know why is this happening?
    All items on this Landed cost have serial number management, some of them were invoiced and this is the first time it happens.
    My best Regards.
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    Hello Enriquillo,
    Please verify the current in-stock quantity of the Item.
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    If the on-hand quantity is currently zero, then everything will be posted to the Price Differenccce Account. This is in the assumption that all the items have been sold. Hence, any further costs pertaining to the sold items will be considered as an extra expense to appear in the Profit and Loss Report.
    I hope the above addresses your enquiry.
    Regards,
    Lorna

  • SAP Landed Cost crash

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  • Offsetting Entries for Landing cost at MIGO

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    Hi,
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  • Landed Cost entries

    Hi Experts
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    I managed to find the answer
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  • Landed Costs in B1 2007 A

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    I have gone through the documentation on landed costs and it is not that well drafted as is not conclusive.
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  • How to Modify a Landed Cost Document

    is it possible to modify the landed cost document after journal entry is posted.
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    Is there a way to add a new component / cost to the document after the journal entry is posted.

    As far as i know, you can't. Once the journal for the relevant landed costs is posted SBO automaticaly closes the landed costs document. Interviening with this is interviening SAP logic. Higly not advised.

  • Landed cost

    Hi,
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    Is it automatically posted when we create a document in SAP Business One 2005?
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    Hi,
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  • Project in Landed Cost

    Hi All
    In 2007 B Landed Cost document, the system will pass a automatic
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    In client business scenario, he will import all goods based on projects
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    One landed cost Document can be based on multiple GRPOs  created for different projects.
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    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.
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    Raw material -- --- -- -- --- --- Debit
    Transport    -- --- -- -- --- --- Credit
    I Need
    Here i need to distribute the price project wise
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    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 AM

    Hi
    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
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  • How to Reverse Landed Cost

    Hi,
    How ro Reverse Landed

    hi,
    choose Data from the menu bar and choose Cancel. After you cancel the landed costs document, it is impossible to create a journal entry for it or to make any changes.
    The status Cancelled appears in the Journal Remarks field.
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  • 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?
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    Hi 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
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    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
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  • Allocate Landed Cost to Goods Receipt before Item is sold

    Hi
    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 Chong

    Hi,
    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.
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    Martin Fürst

  • Adding UDF in Landed cost screen

    Dear all,
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    Hi,
    the reason why the UDF can't be added in the landed cost is because the landed cost form is a tool to calculate the item cost of item in good receipt plus landed cost.
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