Landed costs are additional charges that are incurred in delivering an individual item into inventory. Landed costs cannot be applied to the total cost of a purchase order, and are also non taxable.
In order to set up landed cost, you should set up the following options for the Purchase Order program P4310 (see the Chapter 4, Setting up purchase orders recipe in order to do this):
Cost field display should be activated
Display header is set to display in the processing option
Revision tracking should be de activated
1. Select Procurement and Subcontract Management | Procurement Setup | Procurement System Setup, and then click on Landed Costs Revisions.
2. On the Work With Landed Cost form, click on the Landed Cost Rule visual assist button to access the UDC code 41/P5.
3. Select Revisions from the Form menu.
4. Click Add.
5. Add the landed cost rule code and description.
6. Click OK to save the information.