QAD 2017 Enterprise Edition
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Matching Logistics Charges
Matching Logistics Charges
When invoices arrive from logistics suppliers, use the Logistic Charge tab of Receiver Matching (28.2.1) to match the accruals on pending invoices to the logistics supplier invoice for payment.
See
QAD Financials User Guide for details on receiver matching.
GL Effects
When you indicate that matching is complete against a logistics charge by setting Close Line to Yes, the system calculates the variance, if any, as the difference between the invoice amount and the accrued amount less the invoiced amount. Any difference is posted to the variance account for the logistics charge. Variances are calculated but not recorded when Close Line is No.
An invoice to a logistics supplier for logistics charges accrued during a purchase receipt creates the following GL transactions:
• Debit the inbound Accrual account for the logistics charge, product line, site, and supplier type.
• Credit Accounts Payable for the logistics supplier.
An invoice to a logistics supplier for shipments to customers creates the following GL transactions:
• Debit the Sales Order Accrual account for the logistics charge, product line, site, and supplier type.
• Credit Accounts Payable for the logistics supplier.
An invoice to a logistics supplier for shipments to other company locations creates the following GL transaction:
• Debit the Distribution Order Accrual account for the logistics charge, product line, site, and supplier type.
• Credit Accounts Payable for the logistics supplier.
When the shipping and receiving sites are in different entities or databases, the system automatically generates the appropriate balancing entries in the GL for each site using the Intercompany debit and credit accounts defined in Entity Code Maintenance (25.3.1.1).
See
QAD Financials User Guide for details on intercompany accounts.