So, I'm looking at implementing Landed Costs (finally!), and have a few questions:
- It appears that the Inventory Value/Cost of the item in question is altered accordingly; the offset is the Landed Cost GL -- in our case, Freight/Duties. However, when the time comes to actually PAY this, how does one generate an applicable Voucher (touching AP) without double-posting to Freight/Duties? I keep turning this over in my head, and can't get around posting this this item twice.
- When does the Maintain Inventory Landed Cost number get updated? I've added a Landed Cost and processed a Receipt of Goods, but that number hasn't changed.
- From Help: Post Freight Amount to Item:
- "Select this check box to post freight amounts for purchased items to the same account as the item. The freight amount will be debited to the item's account as follows"
- Does this refer to the Item's default Inventory GL account, as opposed to the Freight Method's listed GL?
- Does this also apply to other "Landed Cost" items, not just those on PO Freight totals?
Thanks!