Hi all
Consider we have Purchase Order created with 1000$. After 10 days Purchase Invoice comes with 1100$.
1-How can I recalculate Inventory Valuation? ( I know LCM work around is available but it is not linked to Purchase Invoice. Is there any standard solution?)
2-How can I close the Invoice account and Landed Cost account? any automatic solution?
Thanks in advance
Elaheh
May a Purchase Receipt, then Landed Cost Voucher before the Purchase Invoice be used?
Anyway you can not link Landed Cost to Purchase Invoice.
I am looking for a solution to link them and writeoff accounts
In Landed Cost Voucher, Receipt Document Type , one can choose Purchase Receipt or Purchase Invoice.
On a Purchase Invoice, More Information a new account may be created.
On Landed Cost Voucher, a new expense account may be created.
I may not fully understand the business process. This link may be helpful, if you havent seen it already.:
https://docs.erpnext.com/docs/user/manual/en/stock/landed-cost-voucher
Dear Smino
Thanks for your reply.
Actually I need to add Invoice Price Variance (100$ in our example) as a extra charge to my Purchase Receipt and consequently update the inventory value by increasing 100$