Acctivate includes both Landed Cost and Added Cost Inventory Receipt transactions. Landed Cost allows you to allocate a vendor bill automatically to multiple inventoried items. Added Cost Receipts are simply Inventory Receipts entered with a zero quantity, but a non-zero amount. Landed Cost is an add-on module, but Added Cost Receipts are available for all users.
You should review with your accountant how to handle these items. The following table shows the differences in the way these transactions work.
|Landed Cost||Added Cost Receipts|
|Allocate by Weight, Qty or Value||No Allocation|
|Link to Original Inventory Transaction(s)||Not Linked to Transaction(s)|
|Creates Vendor Bill (optional)||Enter Bill manually in Accounts Payable|
|“Accrued Landed Cost” G/L account||“Accrued Purchase Receipts” G/L account|
|Original FIFO / LIFO Cost Layer||“Last” FIFO / LIFO Cost Layer by date|
|Transaction Date from original Transaction(s)||Single Transaction Date from Session|