What is freight cost allocation in SAP LO-AB - Agency Business (Global Trade)?

SAP Term: freight cost allocation

• Component: LO-AB

• Component Name: Agency Business (Global Trade)

• Description: Freight cost allocation capabilities of Settlement Management can be used to manage freight costs that occurred during transportation processes.

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• Key Concepts:
  Freight cost allocation is a process used in the LO-AB Agency Business (Global Trade) component of SAP software. It is used to allocate freight costs to the appropriate cost centers or cost objects. This process helps to ensure that the costs associated with shipping goods are accurately tracked and accounted for.
  
  How to use it:
  In order to use freight cost allocation in SAP, you must first set up the necessary cost centers and cost objects. Once these have been established, you can then enter the freight costs into the system. The system will then automatically allocate the costs to the appropriate cost centers or cost objects.
  
  Tips & Tricks:
  When setting up freight cost allocation in SAP, it is important to ensure that all of the necessary information is entered accurately. This includes the freight costs, as well as any other relevant information such as shipping dates and destinations. Additionally, it is important to regularly review and update the freight cost allocation process in order to ensure that it remains accurate and up-to-date.
  
  Related Information:
  For more information on freight cost allocation in SAP, please refer to the official SAP documentation on LO-AB Agency Business (Global Trade). Additionally, there are many online resources available that provide detailed instructions on how to set up and use freight cost allocation in SAP.