Landed Costs Reconciliation
Reconciliation of landed cost charges helps to review purchase order (PO) schedules and receipts where the related third-party charges are over or under-allocated and absorbed, and adjust any discrepancies.
You can review and allocate landed cost charges based on actual receipt quantities rather than the quantities ordered or shipped. Using the Reconcile Landed Cost Charges page, you can track and reconcile these charges separately at both the PO schedule and PO shipment levels. You can reconcile or ignore reconciliation directly from this page. While reviewing, you can also drill down to receipt details and associated trade operation charge lines for better insight and validation. Reconcile when no further receipts are expected for a particular PO schedule and trade operation combination.
On the Reconcile Landed Cost Charges page, you get a consolidated view of PO schedules, both reconciled and pending reconciliation. You can use the filters to view all records, reconciled records, or only the records not yet reconciled. You can use keyword search, contextual filters, and filter chips to quickly identify and act on relevant records.
Reconciliation Status
The records on the Reconcile Landed Cost Charges page can have one the following reconciliation statuses:
| Status | Description |
|---|---|
| Awaiting reconciliation | PO schedules with over or under-allocated landed cost charges that need reconciliation. |
| Reconciled | PO schedules where landed cost charges were over or under-allocated and have been fully reconciled. |
| Partially reconciled | PO schedules associated to multiple charge lines in a trade operation, where errors were reported during reconciliation for the allocation of a subset of charge lines. To view the error for such a PO schedule, click the View trade operation charge lines button on the Reconcile Landed Cost Charges page. |
| Ignored | PO schedules with over or under-allocated landed cost charges that are ignored for reconciliation. |
| Error reconciling | PO schedules that are associated to inactive trade operations or reported allocation errors during reconciliation. |