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Former Member

landedcost

Hi Experts,

There is some issue regarding the landed cost.

when i make grpo and aftr that i make a/p invoice and aftr that i make landed cost.

while i make A/P credit memo price diffrence acount is hit. why?

and the my stock in hand acount also debited with extra amount who is equl to landed cost amount.

there is problem bcz i have made reverse JE against landed cost So some Some Acount are Standing with sme Amount:--

EXAMPLE:--

For GRPO--

P.Stock in hand - Dr.(143000) ----Cr.(0)

GRNI--


Dr.(0)----Cr.(143000)

Purchase material - Dr.(143000) ----Cr.(0)

Purchase Offset-- - Dr.(0) ----Cr.(143000)

and when I made A/P Invoice--

Party--


Dr.(0)----Cr.(143000)

GRNI--


Dr.(143000)----Cr.(0)

Aftr In Landed Cost---

P.Stock in hand - Dr.(11000) ----Cr.(0)

Freight--


Dr.(0)----Cr.(11000)

Purchase material - Dr.(11000) ----Cr.(0)

Purchase Offset-- - Dr.(0) ----Cr.(11000)

I have made reverse JE for Landed Cost .

when i Make A/P creditmemo----

Party--


Dr.(0)--


Cr.(-143000)

P.Stock in hand - Dr.(-154000) ----Cr.(0)

Price Diffrence - Dr.(11000) --


Cr.(0)

Purchase Return - Dr.(-154000) ----Cr.(0)

Purchase Offset-- - Dr.(0) ----Cr.(-154000)

Experts Plz help me for balance my acount,

plz guide me which acount debit and which acount credit for nill the impact of this transcatiuon.

and. is this nessasery to make A/P invoice aftr the making of landed cost.

or we can make landed cost before Invoiceing..

THANKS a LOT in ADVANCED:----

JRAJPUT

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4 Answers

  • Best Answer
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    Former Member
    Jun 19, 2010 at 06:55 AM

    Hi,

    Please check your GL determination first.

    Why you are making reverse JE for landed cost when you are making credit memo automatic that effect will return off.

    AP Credit memo's effect as

    Party--


    Dr.(143000)--


    Cr.(0)

    Tax A/c--


    Dr.(0)--


    Cr.(0)

    P.Stock in hand - Dr.(0) ----Cr.(154000)

    Expense clearing account - Dr.(11000) --


    Cr.(0)

    Purchase Return - Dr.(0) ----Cr.(154000)

    Purchase Offset-- - Dr.(154000) ----Cr.(0)

    Thanks

    Sachin

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    • Former Member Former Member

      hi J,

      I would suggest you to take a back up of the db, restore it and pass a je as suggested and check the results.

      Thanks,

      Joseph

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    Former Member
    Jun 21, 2010 at 10:29 AM

    Dear J,

    Why are you creating Reverse JE. I am not sure but this is not required in general cases.

    Is there any specific requirement to do so?

    Regards

    Ashutosh T

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    Former Member
    Jun 21, 2010 at 10:30 AM

    Hi J Rajput,

    The price difference account was hit cause at the time when you created the credit memo, the material might not have been in that warehouse.

    You can create the landed cost document as soon as you create the GRPO.

    Thanks,

    Joseph

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    Former Member
    Jun 21, 2010 at 10:55 AM

    Hi,

    Thankss 4 u Ashu...

    JRAJPUT

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