Re: JBA ML - Landed Costs-Gotcha

One thing to be careful with landed costs is the AFI entry and Three-Way
Match.

You can post the landed costs to any account using AFI, however, it can be
only one account per item.  You cannot post freight separate from handling,
duty, etc.

Also, if you are using standard costs, three-way match will treat the landed
cost as a purchase price variance and post it accordingly.


----- Original Message -----
From: "Stuart Sandler" <SSandler@KREBS.COM>
To: <jbausers-l@midrange.com>
Sent: Friday, November 30, 2001 1:12 PM
Subject: JBA ML - Landed Costs


> We would like to begin using landed costs and are having a problem
figuring
> out how to reconcile the actual freight invoices to what we have added to
> our inventory in landed costs.
>
> We can not figure out how to reconcile these invoices to what has been
> received. Our problem stems from the fact that we receive separate
invoices
> for goods and freight. The goods invoices comes from our suppliers, while
> the freight invoices come from common carriers.
>
> If anyone out there is using landed costs, and has any ideas, I would
> appreciate hearing from you.
>
> Thank you in advance.
>
> Stuart Sandler
> Director of Information Systems
> Krebs Engineers
>
>
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