Associate Landed Cost Without Reopening a Closed Period.

If a user would like to associate a landed cost to an item receipt posted in a closed period but negates the process of re-opening the same period, consider using the Adjust Inventory Worksheet.

Using the Adjust Inventory Worksheet, indicate the New Value and the New Quantity of the item. The new value must now include the landed cost amount. Users may use the account used in the landed cost bill as an adjustment account.

Note however, that sales made between the time of item reciept and the date of adjustment do not consider the landed cost in COGS computation.