Guidelines for Estimated Landed Cost on Transactions

When adding items to transactions, you can select the landed cost template used to derive the estimated landed cost.

Review the following guidelines and reminders when using Estimated Landed Cost:

Ensure that your landed cost templates are assigned to the items that you want to add to the transaction. For more information, see the following topics:
For item receipts and standalone vendor bills, be sure to check the Landed Cost per Line box. If you want to set this option as your default preference, go to Setup > Accounting > Accounting Preferences. On the Order Management subtab, check the Landed Cost Allocation per Line box. For more information about the landed cost option, see Using Landed Cost Allocation Per Line on Transactions.
In line items, you must only set the Landed Cost Template field. You can select only the templates that have the same currency as the transaction.
Selecting a template automatically checks the line item's Auto-Calculate box to ensure that landed cost estimates are calculated and displayed. Be sure that you do not clear the Auto-Calculate box when you are ready to save the transaction.
If you update the transaction currency, it might not match with the currency of the templates in existing line items. Related fields for the templates are cleared and left blank. Here are some ways to handle this case:
- You can choose another template that has a currency that matches the updated one on the transaction.
- You can update the currency of the existing template and then reassign it to the item. For information about updating the template currency, see Creating Landed Cost Templates.