Standalone entry of landed cost can be done as per business requirement - that is, if the procurement department receives the shipment charges, agency fees, broker fees, custom charges, and many other expenses that are related to procurement late, and the item has already been received in the system through receipt processing, or the company is using receipt routing during item receipt. The Standalone Landed Cost process is a recommended feature in such cases.
You should enter landed costs in the following applications in order to activate the Standalone Landed Cost process:
The landed costs can be entered as a stand-alone process if the landed cost information is not available at the time of receipt. Standalone landed costs are only applied to items for which you record receipt information. When you enter landed costs, the system will only allow you to work with the landed costs that have been set up and assigned to the item. When you receive each item you can review, change, and enter the landed costs for the item. Once the landed costs have been applied, the system may create a separate landed cost detail line voucher. The additional voucher will depend on how you set up each landed cost. The landed cost can be reviewed via the detail lines on the Voucher Match form.