Hi there,
need help. I'm just add module LC for our SL. while trial, I see there is an account "clearing account" in Landed Cost.
I tried to make voucher and add LC. when I check on GL trans, In trans, AP trans and PO trans, there is no record for account "Clearing account".
1. where this account goes?
2. how this account affect to other transaction.
I made trial on SL 6.0 sp1, SL 6.5, and SL 2011. is there any different between those versions? if yes, please kindly explain me.
thanks in advance.
Hi Rodi
Thanks for your confirmation. Question is still open so please verify the answer.
Thanks
hi,
thanks for answer. yes clear now :)
Hi RODI
During Receipts/Invoice Entry batch release process, system will create PO receipt journal entry for invoice purpose and Inventory Adjustment Batch.
Please find below the accounting impact for both PO Receipt & Inventory Adjustment batch
PO Receipt batch:
Dr Inventory
Cr Accrued Purchase
Inventory Adjustment batch:
Dr Inventory
Cr Reason code Acct (specified in the Landed Cost Codes screen)
Hope you got the clear picture now.
Thanks
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