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LANDED COST System configuration

The Landed Cost system uses two system ledger accounts that are set-up in the System Maintenance form as follows:

Landed Cost – ImportCostClearingAccount. The ledger account attached to this field will default as the import clearing account when creating a new shipment. The account can be changed in the shipment form if required. This account is used to collect the import costs on the shipment when the invoices are activated. Values are cleared from this account as stock is booked in
System – LedgerPurchInvRounding. Where import costs cannot be apportioned totally across the inventory lines, any resulting rounding values – positive or negative, are posted to this account as stock is booked in

This tab also controls if Last Cost and Supplier Costs are to be updated by the Landed Cost module.

Key	Default	Description
ImportCost ClearingAccount		This account is the posting account for the Import Costs that are added to Shipment. When the shipment is complete, the balance in this account should be zero for that shipment
UpdateLastCost	Yes	Update the Last Cost in the Prices tab of the inventory records
UpdateSupplier WarehouseCost	Yes	Update Supplier Warehouse Cost in the Supply tab of the inventory records
ScanBoxCode	Incremental	Controls the behaviour of the Book In form when the scan box is used