landed cost set up

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Posted on by iruser2

2,046

hi folks

i'm trying to set up landed costs without a lot of set up and hoping I can.

I buy item X from Vendor ABC. Accounting and purchasing are not good communicators so I don't know if the vendor is going to pay the freight or if my company is going to pay the freight.

In landed cost then I want to have a landed cost ID freight in. I don't want to identify a vendor (which means the invoice match button won't light up).

When I receive the goods I don't want to accrue for any freight as I have no idea to which vendor I should accrue the freight.

When I finally have the invoice I want to add freight to inventory via Landed Cost.

I can check the box for landed costs. I can see the ID I set up. If I don't match it to anything then the JE is

DR Accrued CR A/P.

But I have not set up an accrual at receipt!

Can landed cost only be applied at the enter match invoice level, or does it have to be accrued at receipt?

thanks!

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