CS Landed Costs

Assign the general ledger account nos. for each General Product Posting Group as stated in the Landed Cost Types table.

You should do this for all General Business Posting Groups that are used on Vendors that you add purchase invoices for.

Note:

The columns in this picture are restructured via page personalisation to illustrate the columns that need to be filled in.

The General Product Posting Group refers to the posting group in the Landed Cost Types.

On posting purchase invoices:

• The purchase price (direct costs) on an invoice will be posted on the Direct Cost Applied account;
• The Landed costs (and overhead) of an item will be posted on the Overhead Applied Account;
• Variances from the standard cost price of an item will posted on the Purchase Variance Account.

If a costing method FIFO, LIFO, Specific or Average is used, then there will be no variances. Costs are added to each individual item ledger entry.