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NSC | Understanding GL Impact of Manual Landed Costs and Vendor Bills
Scenario:
The user manually entered landed costs on Item Receipts for freight charges while also receiving a weekly vendor bill from the freight provider covering multiple shipments. The concern was whether entering landed costs manually and then recording the related vendor bill would result in duplicated GL impact or incorrect inventory and expense balances.
Solution:
Entering landed costs manually and recording the related vendor bill does not necessarily create duplication, provided the transactions are handled correctly within NetSuite’s landed cost process.
When landed costs are applied:
- NetSuite increases inventory valuation
- NetSuite offsets or reallocates the associated expense impact
Typical GL impact of landed costs:
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