Update Inventory Value via Landed Cost

[Former Member]

Hi all,

Suppose we have purchased any item having total price 1000 including with taxes and landed cost(Storing and laber charges)

my texes amount is returnable but landed cost is not returnable then it should impact(increase) on item cost as per my client.

Is it having any impact.

explain ...

Thanks,

Neetu

[former_member583013 · Accepted solution]

Neetu,

If you use landed cost, it will update the Items Cost. Which SBO version are you using?

[Former Member · Accepted solution]

SBo 2005 B Pl 0

Thanks,

neetu

[former_member583013 · Accepted solution]

Yes Landed Cost will Update the Items Cost. You will need to upgrade your DB to the latest patch to benefit from all the bug fixes and get the latest features

[Former Member · Accepted solution]

can u explain how it will affect item cost.

Thanks,

Neetu

[former_member583013 · Accepted solution]

You will first Add the landed Cost document by selecting the GRPO and the approproate expendidute item. After this step, you will open the same Landed Cost document ..go to Journal Tab and click Create JE, which will update the Items Cost.

[Former Member · Accepted solution]

when creating JE we have to maually select the General ledger for item???

Thanks,

Neetu

[former_member583013 · Accepted solution]

When you debit the Inventory account the credit Account should be manually selected.