Accrue Outbound Logistics Charges
Update Freight Terms
Use Freight Terms Maintenance to assign a logistics charge code to each freight terms with an accrual level.
Freight Terms Accrual Levels:
• Type 1 (Add): Accrue by shipment
• Type 2 (Allow): Accrue by shipment
• Type 3 (Prepaid): Accrue by line
• Type 4 (Collect): No accrual
• Type 5 (Include): Accrue by line
• Type 6 (Will Call): No accrual
Process Sales Orders
Log Supplier.
Enter an address code identifying the freight carrier responsible for transporting this order; this field cannot be blank.
Process Shipments
Shipment ID.
The Internal Reference of the logistics charge pending invoice. If the NRM sequence code specified in Logistics Accounting Control is an internal sequence, leave this field blank to have the system assign a number. Otherwise, enter a sequence number.
BOL.
The External Reference of the logistics charge pending invoice.
Carrier Shipment Ref.
The External Reference of the logistics charge pending invoice.
In processing shipments, the system:
• Creates pending invoices for logistics charges.
• Creates GL transactions for the logistics charge accrual amounts.
• Debits the sales order expense account for the logistics charge code.
• Credits the sales order accrual account for the logistics charge code.
• Calculates tax on logistics charges.
• Uses the freight terms to determine whether an accrual is created for each order line or the entire shipment; only one pending invoice is created for each shipment or shipper.
• Uses the order (freight list) currency and logistics supplier currency to determine the accrual currency; when the order currency and logistics supplier currency are the same, the system uses the order currency for logistics accruals; otherwise, the system uses base currency.
