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 Overview

Use this procedure to add freight to an asset item in Receipt of Goods Entry.

 Before You Begin

The Inventory Management module must be integrated with Purchase Order.

 

To allocate freight costs to an asset item

 

1. Select Purchase Order Setup menu > Purchase Order Options.

2. On the Line Entry tab, select the Allow Entry of Landed Cost check box. For more information, see Purchase Order Options - Fields.

3. Click Accept.

4. Select Purchase Order Setup menu > Landed Cost Type Maintenance.

5. In the Cost Type field, enter a freight cost. For more information, see Landed Cost Type Maintenance - Fields.

6. In the Allocation Method field, select Cost.

7. In the Expense Account field, select the general ledger account for the freight cost, and click Accept.

8. Select Purchase Order Main menu > Receipt of Goods Entry.

9. In the Receipt Number field, enter the receipt number. For more information, see Receipt of Goods Entry - Fields.

10. In the Purchase Order Number field, select the purchase order to apply the freight for the asset item.

11. In the Invoice Number field, enter the invoice number, and click the Lines tab.

12. When prompted to receive the complete purchase order, click Yes.

13. In the Item Code field, enter the asset item.

14. In the secondary grid, select the Landed Cost check box, and then click the Totals tab.

15. In the Freight Amount field, enter the freight for the asset item, and click Landed Cost to verify the freight amount has been added.

16. Click Accept.

Freight has been added to an asset item.