Defining G/L Accounts for Landed Costs (Perpetual Inventory Companies)

G/L accounts for landed costs are required only for companies that run a perpetual inventory, as posting a landed costs document for these companies automatically creates a journal entry. Therefore, if your company manages a perpetual inventory, you must define the accounts specified below.

Landed costs allocation account: G/L account for clearing non-customs expenditures (reposted through a landed costs document) between the A/P invoice (service type) and the landed costs document
Customs allocation account: G/L account for clearing customs expenditures (reposted through a landed costs document) between the A/P invoice (service type) and the landed costs document
Customs expense account: G/L account relating to customs expenditures from a landed costs document distributed to a particular customs group

Procedure

Defining the Landed Costs Allocation Account

From the SAP Business One Main Menu, choose Administration Setup Purchasing Landed Costs .
In the Landed Costs – Setup window, specify the landed costs allocation account.
Choose the Update button and then the OK button.

Defining the Customs Allocation Account

From the SAP Business One Main Menu, choose Administration Setup Inventory Customs Groups .
In the Customs Group – Setup window, specify the customs allocation account.
Choose the Update button and then the OK button.

Defining the Customs Expense Account

From the SAP Business One Main Menu, choose Administration Setup Inventory Customs Groups .
In the Customs Group – Setup window, specify the customs expense account.
Choose the Update button and then the OK button.