How to incorporate or add other costs associated to specific line part items such as import duties, excise duties etc.
You can use the Miscellaneous Charge feature. It is possible to assign Miscellaneous Charges at both the Header and Line.
You must first create Miscellaneous Charges in the setup program, before you can use them on an order or invoice.
In order to include those fees in the actual material cost, you need to turn on fifo cost tracking in the site cost configuration. The system needs to know what fifo layer to assign the additional costs.
You can turn on fifo lot tracking without actually using fifo costing.
The system will then apply these coats to a material burden.
You will need to use the function on ap onvoice entry to allocate the costs to the lines, unesless it is a line misc charge, then i believe they allocate automatically.
You can also use late coats for any invoice that comea in after the fact and assign thoae costs to a po or mulitple pos.
You should use Landed Cost at the time of GRN/Receipt Entry, as, at the time of such receipts user is not aware of how much Custom duties or other charges would be. Hence they are captured as Estimated landed cost, and this cost goes to Stock value as well. Whereas, credit GL will be suspense account or accrual account, which gets adjusted when actual Custom duty bill is received.
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