Landed Cost

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Landed Cost

Postby zulqarnainhabib » Mon Jun 27, 2011 8:34 pm

Hi

There are some expenses on an Import consignment before generation of Material Receipt. E.g. L/C Opening Charges, In-Transit Insurance etc.
In Adempiere I know how to allocate expenses incurred AFTER making Material Receipt but I don't know how to allocate the expenses which occur BEFORE Material Receipt.

Any help will be much appreciated.

Habib
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Posts: 44
Joined: Fri Mar 18, 2011 1:57 pm

Re: Landed Cost

Postby globalqss » Wed Jun 29, 2011 1:32 am

Hi Habib, as the design is to distribute landed costs over a material receipt, there is no direct way to do what you're asking for.

What we have done in one of our installations is to register the initial invoice against a charge "landed cost to distribute" - and when the material receipt happens then we register a "distribution invoice" with zero net value, one line is the negative landed cost to distribute, the second line is the effective charge and we distribute it.

Let me know if is unclear and I'll try to redact an example.

Regards,

Carlos Ruiz
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Posts: 599
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Location: Bogotá, Colombia

Re: Landed Cost

Postby zulqarnainhabib » Wed Jun 29, 2011 2:49 am

Thanks Carlos

Not very clear. Will be thanful if you explain it little further.

Habib
zulqarnainhabib
 
Posts: 44
Joined: Fri Mar 18, 2011 1:57 pm

Re: Landed Cost

Postby globalqss » Wed Jun 29, 2011 3:07 am

OK, let's suppose you need to distribute a landed cost of insurance by US$100

1st Document -> Invoice Original (you receive an insurance invoice in june)
Charge -> Insurance to Distribute -> US$100
you can pay this invoice, but it's not distributed, is left in accounting on a transit account "insurance to distribute"

2nd Document -> Material Receipt happens in july

3rd Document -> Distribution Invoice (registered in july, it can be at the same time with the material receipt)
Charge -> Insurance to Distribute -> -US$100 (negative)
Charge -> Insurance -> US$100
this second line is distributed over the material receipt
the balance of this invoice is zero, so it doesn't need to be paid

Regards,

Carlos Ruiz
globalqss
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Posts: 599
Joined: Thu Dec 29, 2005 4:15 am
Location: Bogotá, Colombia

Re: Landed Cost

Postby zulqarnainhabib » Wed Jun 29, 2011 5:34 am

Thanks a lot. It seems it can solve the issue. Will provide more feedback after trying it out:

Habib
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Posts: 44
Joined: Fri Mar 18, 2011 1:57 pm


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