Hey, As much as LCV is an important tool in stock valuation, There seem to be a problem. In cases where the extra cost comes from a different service provider i.e Clearing and forwarders, you cannot track their amount payables since they appear nowhere in the LCV.
You should’t generate invoices, because 90% of the time, the charges aren’t from the same issuer of the invoice, and they reach you in different times.
Like in importation of Goods, here in Brazil.
First you will need to pay the Seller
Second you will pay in advance one dealer, that is managing the importation.
Later you will need to pay warehousing and freight.
So only after pay the freight to your location, you will have in hands
The Invoice of the Foreigh Supplier (With nationalized Items [Local taxes added])
The invoice of the Importation Dealer [With they own taxes]
Flight or Over sea freight invoice [With nationalized Items [Local taxes added]
Customs Nationalization Letter (With taxes applied in the Foreign Supplier Invoices)
Customs/Third party warehousing Invoice
Local Contracted freight company Invoice
All of these invoices, need to be registered with the specific supplier, with exception of the “Customs Nationalization Letter”, that normally is an JV.
So, you can’t just generate one invoice, at the same moment because these events, occurs in different times, and if you do issue the Purchase receipt, you will fight against the “Accrual Accounting Principle”
Ofcourse. I am saying the description sequence and not the LCV
I never said 1 invoice for all the Other Charges. I am trying to follow the SAP Method of Landing cost Voucher Where in 1 form Landed cost is added while New Invoices are created as per the Other Charges Supplier per row.(which is not present in the current system).