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Dave1 person found this helpful
My 2 cents here.
In PO you can capture the FOB rule in terms as say Supplier Site (as soon it leaves supplier site goods intransit are your inventory).
Based on ASN sent electronically by your freight carrier or supplier, you can perform receive transaction which will have accounting between your receiving account and accrual account.
Essentially you need to record this accrual as you are claiming responsibility for this Freight on Board as your inventory (am I right?).
This value in receiving account is your inventory value in transit. If you are on R12, you can change this account (in SLA's account derivation rules) from standard account that is taken from organization to your own intransit account if the FOB of PO is supplier's site. Of course you MAY have to change accounting happening for Delivery transaction as well to credit the intransit account generated at the time of receiving rather than the account from organization.