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.
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!!
Best answer by kandybeatty49View original
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.
You may need to look at the item costing. Are you trying to add the Landed Cost to the items?
If so, here is help on that:
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. 😐