Adding Landed Cost on a Vendor Bill Before Creating the Item Receipt (Bill in Advance of Receipt)

Question

Hi Team,

Is there a way to include and allocate landed cost through the Vendor Bill when it is created before the Item Receipt? If anyone has implemented a similar process, what approach or workaround was used to ensure the landed costs are properly captured and reflected in inventory valuation.?

We receive the Vendor Bill in advance of the Item Receipt, and we would like to capture the landed cost components (such as freight, duties, or other additional charges) directly on the Vendor Bill rather than during the Item Receipt stage

Thank You

Divya Unnikrishnan · Accepted Answer

Hi @SILJA K C

As per SuiteAnswers #72227 - Landed Cost Tab Missing on Bill Transaction, Bill transactions created from Purchase Orders do not show Landed Cost tab. The association of Landed cost is on Item Receipt.

Please note that only when it is created as a standalone Bill can the user enter the Landed Cost on a Bill transaction.

This is the reason that Inventory Asset account is only recognized on standalone Bills and Item Receipts.

Hope this helps.