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Landed Cost problem with (COGS)/ Inventory Received Not Billed
I have read as many articles as I can find in the forum and in help but in the end I just don't get it. There are some good posts but we can't connect the dots.
Problem:
I have an accumulation on the Income Statement that represents ($$$$) for a Cost of Goods Sold account. Opening this total shows Item Receipts with Inventory Received not Billed.
Process:
1. Issue PO with items
2. Receive PO.
--- Receive items on Item Tab
--- Post Freight on the Landed Cost Tab.
3. Bill PO
--- Verify the cost for the the items on the Items Tab
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