diff --git a/erpnext/stock/doctype/landed_cost_voucher/landed_cost_voucher.py b/erpnext/stock/doctype/landed_cost_voucher/landed_cost_voucher.py
index 9a478ace4d3..60a26b91665 100644
--- a/erpnext/stock/doctype/landed_cost_voucher/landed_cost_voucher.py
+++ b/erpnext/stock/doctype/landed_cost_voucher/landed_cost_voucher.py
@@ -10,6 +10,7 @@ from frappe.query_builder.custom import ConstantColumn
 from frappe.utils import cint, flt
 
 import erpnext
+from erpnext import is_perpetual_inventory_enabled
 from erpnext.controllers.taxes_and_totals import init_landed_taxes_and_totals
 from erpnext.stock.doctype.serial_no.serial_no import get_serial_nos
 
@@ -160,6 +161,9 @@ class LandedCostVoucher(Document):
 				)
 
 	def validate_expense_accounts(self):
+		if not is_perpetual_inventory_enabled(self.company):
+			return
+
 		for t in self.taxes:
 			company = frappe.get_cached_value("Account", t.expense_account, "company")
 
diff --git a/erpnext/stock/doctype/landed_cost_voucher/test_landed_cost_voucher.py b/erpnext/stock/doctype/landed_cost_voucher/test_landed_cost_voucher.py
index 737df053832..fd65b7f60e7 100644
--- a/erpnext/stock/doctype/landed_cost_voucher/test_landed_cost_voucher.py
+++ b/erpnext/stock/doctype/landed_cost_voucher/test_landed_cost_voucher.py
@@ -175,6 +175,8 @@ class TestLandedCostVoucher(FrappeTestCase):
 		self.assertEqual(last_sle_after_landed_cost.stock_value - last_sle.stock_value, 50.0)
 
 	def test_lcv_validates_company(self):
+		from erpnext import is_perpetual_inventory_enabled
+		from erpnext.accounts.doctype.account.test_account import create_account
 		from erpnext.stock.doctype.landed_cost_voucher.landed_cost_voucher import (
 			IncorrectCompanyValidationError,
 		)
@@ -182,6 +184,20 @@ class TestLandedCostVoucher(FrappeTestCase):
 		company_a = "_Test Company"
 		company_b = "_Test Company with perpetual inventory"
 
+		srbnb = create_account(
+			account_name="Stock Received But Not Billed",
+			account_type="Stock Received But Not Billed",
+			parent_account="Stock Liabilities - _TC",
+			company=company_a,
+			account_currency="INR",
+		)
+
+		epi = is_perpetual_inventory_enabled(company_a)
+		company_doc = frappe.get_doc("Company", company_a)
+		company_doc.enable_perpetual_inventory = 1
+		company_doc.stock_received_but_not_billed = srbnb
+		company_doc.save()
+
 		pr = make_purchase_receipt(
 			company=company_a,
 			warehouse="Stores - _TC",
@@ -207,6 +223,9 @@ class TestLandedCostVoucher(FrappeTestCase):
 		distribute_landed_cost_on_items(lcv)
 		lcv.submit()
 
+		frappe.db.set_value("Company", company_a, "enable_perpetual_inventory", epi)
+		frappe.local.enable_perpetual_inventory = {}
+
 	def test_landed_cost_voucher_for_zero_purchase_rate(self):
 		"Test impact of LCV on future stock balances."
 		from erpnext.stock.doctype.item.test_item import make_item