landed cost management work around in EBS r12

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PRAINSA
LCM Work Around

2. Copyright © 2023 Azeemi technologies. All rights reserved. |
Prainsa LCM Workaround
When LC charges Invoice received, user will enter AP standard
Invoice in system with LC details in DFF.
• Dff Detail
I. LC Number
II. LC Charge Type (Bank charges, agent Charges etc)
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Ap Standard Invoice Entry
When user will enter invoice in Ap, following A/C will hit
Account Description A/c Nature
Landed Cost Clearing A/c Asset Dr
Supplier Liability A/c Liability CR
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Payment
On the time of payment, following A/C will hit
Account Description A/c Nature
Supplier Liability A/c Liability Dr
Bank A/c Asset Cr
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Month End Process
User will run monthly report for consumption against Receipts of
LC POs and he will enter manual JV for that consumed amount. The
following accounting will happen.
Account Description A/c Nature
COGS A/c Expense Dr
Landed Cost Clearing A/c Liability CR
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Thank you
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