Landed Cost Transaction updates Stock Item with $0 adjustment
Hello,
I’m configuring Landed Cost in Acumatica for the first time. (version 2022 R1)The process seems clear but the end result is $0 adjustment to my item. What am I missing?
My example is applying insurance costs weighted by Cost Amount across 3 items on a PO Receipt.
Purchase Order (notice, 2 non-stock items on lines 1, 3 and one Stock Item is on line 2):
PO Receipt: All Items Received.
Landed Cost:
What I expect on Valuation: Receipt line $13.30 and Adjustment line $13.30.
What I see on Valuation: Receipt line $13.30 and LC adjustment line = $0.
What mistake did I make? Thank you in advance for your help!!
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HI @laura01
What is your allocation method on the Landed Cost code? This may need to be changed.
Also, here is a very good article on Landed Cost processing:
Allocation method is by Cost. Can you explain in what circumstances, how will I know whether I need to change this? Insurance will be higher on more costly items and that is why I chose cost in this case.
HI @laura01
You may need to look at the item costing. Are you trying to add the Landed Cost to the items?
@laura01 I do not see that the Landed Cost document has been released in the screens above. To see the adjustment you need to release.
Thank you @kbeatty21: I think you have led me to the answer: my testing item is set up as STANDARD cost and I likely need a layered costing method, in order to update the cost. (Doh!) Will try this tomorrow.
Thank you @dales50: the landed cost adjustment batches are definitely released.
I have the PO preferences set to release automatically:
The adjustments batch I highlighted on the Valuation report in the very first screen shot, # 000006, is the actual released Landed Cost adjustments batch. In the adjustments screen, it looks like this:
The cost is correct in the IN adjustments batch and yet, not updating the stock item’s value. (The other two items are non-stock so I wouldn’t expect any cost to update for them.)
Because…. it’s a standard cost item.
@Kandy Beatty I can not view this help article that you posted and I am having the same issue. Please see screen shoots below. Any help would be appreciated.
AdjustmentsHighlighted in yellow is the receipt and at the bottom is the adjustments