25. Landed Costs - Revision history

Omer Farooq: /* Overview */

2014-08-31T12:19:11Z

‎Overview

Omer Farooq: /* Overview */

2014-08-31T11:49:14Z

‎Overview

Omer Farooq: /* Overview */

2014-08-31T09:40:16Z

‎Overview

Omer Farooq: /* Overview */

2014-08-31T09:36:41Z

‎Overview

Omer Farooq: Created page with "= Overview = '''Landed Costs''' '''Landed Costs - How do you view the landed cost of a product?''' You can view the landed cost of a Product in the Product Card. * Select..."

2014-08-31T09:09:45Z

Created page with "= Overview = '''Landed Costs''' '''Landed Costs - How do you view the landed cost of a product?''' You can view the landed cost of a Product in the Product Card. * Select..."

New page

= Overview =

'''Landed Costs'''

'''Landed Costs - How do you view the landed cost of a product?'''

You can view the landed cost of a Product in the Product Card.
* Select '''Inventory''' Module.
* Select '''Product Express List'''.
* Double click any product. This will open Product Card.
* Under the '''Main''' Tab you will see '''Landed Cost''' of that product at the bottom left.

@@ Line 46: / Line 46: @@
 * Enter the Account to post landed cost to in '''Account Name''' (Example: Custom, Freight, etc).
 * Enter '''Amount'''.
-* In '''Related PO''' column select the Purchase Order Number this bill relate to.
+* In '''Related PO''' column select the Purchase Order Number to relate it to this '''Bill'''.
 * Click '''Save'''.

@@ Line 31: / Line 31: @@
 * Click '''Save'''.
-After turning on the options and setting the rates, create a '''Purchase Order'''. Before recording '''Landed Cost''' you must have previously created a Purchase Order
+After turning on the options in '''Purchases Preferences''' and setting the rates, create a '''Purchase Order'''. Before recording '''Landed Cost''' you must have previously created a Purchase Order
 * Select '''Purchases''' Module.

@@ Line 19: / Line 19: @@
 * Select '''Purchases''' from the left hand side.
 * Select '''Use Foreign Currency'''.
 * Select '''General''' Module.

← Older revision		Revision as of 09:36, 31 August 2014
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	* Double click any product. This will open Product Card.		* Double click any product. This will open Product Card.
	* Under the '''Main''' Tab you will see '''Landed Cost''' of that product at the bottom left.		* Under the '''Main''' Tab you will see '''Landed Cost''' of that product at the bottom left.
		+
		+	It is possible to associate '''Landed Costs''' for an imported product with the original '''Purchase Order''' even though the '''Purchase Order''' has often been paid and closed before the landed costs are fully known.
		+
		+	To use '''Landed Costs''' you must turn on Foreign Currency options in '''Purchases Preferences''' and activate at least one Foreign Exchange Rate.
		+
		+	* Select '''Utilities''' Module.
		+	* Select '''Preferences'''.
		+	* Select '''Purchases''' from the left hand side.
		+	* Select '''Use Foreign Currency'''.
		+
		+
		+	* Select '''General''' Module.
		+	* Select '''Foreign Exchange Rates List'''.
		+	* Select '''Inactive Rates'''.
		+	* Select the currency you want to activate.
		+	* Enter current '''Buy Rate''' and '''Sell Rate'''
		+	* Tick '''Active'''.
		+	* Click '''Save'''.
		+
		+	After turning on the options and setting the rates, create a '''Purchase Order'''. Before recording '''Landed Cost''' you must have previously created a Purchase Order
		+
		+	* Select '''Purchases''' Module.
		+	* Select '''Supplier Name'''.
		+	* Select the '''Currency Code''' for this supplier from the drop down list.
		+	* Enter Products that you are importing from this supplier.
		+	* Click '''Save'''.
		+
		+	After creating '''Purchase Order''' you need to create a '''Bill''' to associate the landed cost expense with the '''Purchase Order'''.
		+
		+	* Select '''Purchases''' module.
		+	* Select '''Bill'''.
		+	* Enter '''Supplier Name'''. (Custom or Shipping agent etc).
		+	* Enter the Account to post landed cost to in '''Account Name''' (Example: Custom, Freight, etc).
		+	* Enter '''Amount'''.
		+	* In '''Related PO''' column select the Purchase Order Number this bill relate to.
		+	* Click '''Save'''.
		+
		+	Now you will go to your '''Purchase Order''' to which you have related this bill to.
		+
		+	* Open '''Purchase Order''' (the one to which you have related the bill).
		+	* Click '''Import Costs'''.
		+	* You will see the bill in '''Import Costs''' window.
		+	* Tick '''Apply'''.
		+	* Click '''Save'''.
		+
		+	The three columns of '''Landed Costs''' in '''Purchase Order''' will be populated. '''Landed Cost''', '''Landed Cost/Item''', and '''Landed Costs %'''. If you cannot see these columns right click and click '''Customise Grid''', choose these three field and click '''OK'''.
		+
		+	If there are more than one items you can allocate the landed cost by changing the % figures in '''Landed Costs %'''.