View source | Discuss this page | Page history | Printable version   
Toolbox
Main Page
Upload file
What links here
Recent changes
Help

PDF Books
Show collection (0 pages)
Collections help

Search

ManualDoc:T1C05058D61AC4B69A7E550F32F9F2873

LandedCost CostTab.png

Some fields to note are:

Once a receipt(s) have been selected in Receipt tab, landed cost document (header) can be processed by using the process button "Process".
This action creates a landed cost adjustment linked to the landed cost document.
This cost adjustment has as many adjustment lines as products included in the goods receipt(s) selected, therefore the cost of those products is adjusted as applicable.

Once processed a landed cost document can be:

Landed Cost posting creates the following accounting entries in case of a "Product" landed cost type:

Account Debit Credit
Product Asset "Estimated" Landed Cost Amount.
(*)This ledger entry gets goods receipt "accounting dimensions" such as "Vendor" or "Product". See "Detail" link.
Product Expense "Estimated" Landed Cost Amount

Landed Cost posting creates the following accounting entries in case of an "Account" landed cost type:

Account Debit Credit
Product Asset "Estimated" Landed Cost Amount.
(*)This ledger entry gets goods receipt "accounting dimensions" such as "Vendor" or "Product". See "Detail" link.
G/L Item "Estimated" Landed Cost Amount


Process Matching

Matching between an "estimated" landed cost and an "invoiced" landed cost can be processed in:

1. the GOODS RECEIPT window before processing and by using the process button "Complete"

This scenario takes place whenever all landed cost related information below is available and entered in the Landed Cost tab of the Goods Receipt :

This scenario automatically creates:

2. the Landed Cost PURCHASE INVOICE window, by using the process button Match LC Cost which can be found in each landed cost purchase invoice line. After that "Process Matching" check-box is selected.

This scenario takes place whenever:

This scenario automatically creates:

3. the LANDED COST window, by using the process button "Process Matching"

This scenario takes place whenever the matching has been executed in the landed cost purchase invoice, see scenario 2 above, but the check-box "Process Matching" was not selected there.

This scenario automatically creates:

4. the LANDED COST window, by using the process button "Process".

This scenario takes place whenever all landed cost related information is entered in the landed cost window.:

This scenario automatically creates:

Post Matching

A landed cost matching can be posted, after being processed. This posting will have different ledger entries depending on the scenarios listed below:

1. "estimated" landed cost equal to "invoiced" landed cost

Account Debit Credit
Product Expense "Estimated"="Invoiced" Landed Cost Amount
Product Expense "Estimated"="Invoiced" Landed Cost Amount
(*)This ledger entry gets landed cost invoice "accounting dimensions" such as "Business Partner". See "Detail" link.
Account Debit Credit
G/L Item "Estimated"="Invoiced" Landed Cost Amount
G/L Item "Estimated"="Invoiced" Landed Cost Amount
(*)This ledger entry gets landed cost invoice "accounting dimensions" such as "Business Partner". See "Detail" link.

The purpose of above ledger entries is to get that landed cost expense accounting gets invoice landed cost "accounting dimensions".


2. "estimated" landed cost not equal to "invoiced" landed cost & "Is matching adjusted" = No.
This last setup ("Is matching adjusted" = No) leads to NOT creating a landed cost adjustment which takes the difference to the product cost (product accounting), therefore that difference remains either in the credit side (estimated>invoiced) or in the debit side (estimated<invoiced) of the product expense account.


Account Debit Credit
Product Expense "Invoiced" Landed Cost Amount
Product Expense "Invoiced" Landed Cost Amount
(*)This ledger entry gets landed cost invoice "accounting dimensions" such as "Business Partner". See "Detail" link.
Account Debit Credit
G/L Item "Invoiced" Landed Cost Amount
G/L Item "Invoiced" Landed Cost Amount
(*)This ledger entry gets landed cost invoice "accounting dimensions" such as "Business Partner". See "Detail" link.


3. "estimated" landed cost higher than "invoiced" landed cost. "Is matching adjusted" = Yes
This last setup ("Is matching adjusted" = Yes) leads to creating a landed cost adjustment which takes the difference to the product cost (credit side of product accounting).

Account Debit Credit
Product Expense "Estimated" Landed Cost Amount
Product Expense "Invoiced" Landed Cost Amount
(*)This ledger entry gets landed cost invoice "accounting dimensions" such as "Business Partner". See "Detail" link.
Product Asset Difference (estimated>invoiced) Landed Cost Amount
Account Debit Credit
G/L Item "Estimated" Landed Cost Amount
G/L Item "Invoiced" Landed Cost Amount
(*)This ledger entry gets landed cost invoice "accounting dimensions" such as "Business Partner". See "Detail" link.
Product Asset Difference (estimated>invoiced) Landed Cost Amount

4. "estimated" landed cost smaller than "invoiced" landed cost. "Is matching adjusted" = Yes
This last setup ("Is matching adjusted" = Yes) leads to creating a landed cost adjustment which takes the difference to the product cost (debit side of product accounting).

Account Debit Credit
Product Asset Difference (estimated<invoiced) Landed Cost Amount
Product Expense Difference (estimated<invoiced) Landed Cost Amount
Product Expense "Invoiced" Landed Cost Amount
(*)This ledger entry gets landed cost invoice "accounting dimensions" such as "Business Partner". See "Detail" link.
Account Debit Credit
Product Asset Difference (estimated<invoiced) Landed Cost Amount
G/L Item Difference (estimated<invoiced) Landed Cost Amount
G/L Item "Invoiced" Landed Cost Amount
(*)This ledger entry gets landed cost invoice "accounting dimensions" such as "Business Partner". See "Detail" link.


Cancel Matching

A landed cost matched can be cancel by using header process button "Cancel Matching". Before that landed cost matching needs to be "Unpost".

Cancel matching action implies that:

Retrieved from "http://wiki.openbravo.com/wiki/ManualDoc:T1C05058D61AC4B69A7E550F32F9F2873"

This page has been accessed 605 times. This page was last modified on 20 August 2015, at 12:25. Content is available under Creative Commons Attribution-ShareAlike 2.5 Spain License.