Landed Costing of SAP S/4 HANA ( Public Cloud )

[former_member134983]

Dear Experts,

Is it possible for us to perform a landed costing to absorb any additional cost of importing back to inventory. My requirement is;

1) Initial GRN

Inventory A/C DR

GR/IR A/C CR

2) Perform Landed costing ( Custom Duty , Clearance fee ,handling charges , Additional taxes , Freight etc. )

Inventory A/C DR

Import Control A/C CR

3) Raise Individual Supplier Invoices ( Custom Duty , Clearance fee ,handling charges , Additional taxes , Freight etc. )

Import Control A/C DR

Individual Suppliers CR

[GeovanaLettnin]

Dear s-0024876818,

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Geovana

[Raman_Rana · Accepted solution]

Hi,

There are two scenarios where your material is maintained 1) At standard price 2) Moving average price. In both the scenarios as per functional flow custom duty needs to be paid before releasing goods from Customs hence custom invoice needs to be accounted first before accounting for GRN.

In case of standard price, Material value will be based on standard price maintained in material master.

In Case of Moving average price, since custom duty invoice recorded first inventory price at the time of GRN will include the custom duty as well.

Accounting entry flow

Invoice verification for custom duty

Custom GR/IR Debit

Custom Vendor Credit

Good Receipts

Inventory Debit (Inclusive of Custom Duty)

To GR/IR-Material

To GR/IR- Custom Duty

regards, Raman Rana

[Zay · Accepted solution]

Hi Raman,

How can we create the custom duty invoice with reference to PO? Or do we have to enter this custom duty amount in the purchase order as planned cost?

Also if we can create the custom duty invoice with reference to the PO, how do we have to create GR to include this invoice amount.

Please can you explain more. 

Regards

Zay

[Zack2 · Accepted solution]

Hi Raman, this is great. Do you have any documentation on this or any videos? this would be huge for one of our clients. Thanks,