Landed Costs - Revision history

Dene at 00:52, 20 April 2011

2011-04-20T00:52:34Z

Dene at 00:47, 20 April 2011

2011-04-20T00:47:19Z

Dene at 00:44, 20 April 2011

2011-04-20T00:44:09Z

Dene: Del

2011-04-20T00:41:38Z

Del

Eliza at 06:36, 2 March 2011

2011-03-02T06:36:59Z

Admin: Created page with " More Detail= Back Orders Bill Bill List Credit Foreign Exchange Rates List GST on Imports Landed Costs [[Products Expr..."

2011-01-19T00:06:13Z

Created page with "<menu name=myMenu align=center> More Detail= Back Orders Bill Bill List Credit Foreign Exchange Rates List GST on Imports Landed Costs [[Products Expr..."

New page

<menu name=myMenu align=center>
More Detail=
[[Back Orders]]
[[Bill]]
[[Bill List]]
[[Credit]]
[[Foreign Exchange Rates List]]
[[GST on Imports]]
[[Landed Costs]]
[[Products Express List]]
[[Purchase Order]]
[[Purchase Order List]]
[[Purchase Reports]]
[[Return Authority]]
[[Return Authority List]]
[[Shipping Container]]
[[Shipping Container List]]
[[Shipping Container Status]]
[[Smart Order]]
[[Smart Order List]]
[[Supplier]]
[[Supplier List]]
</menu>
== Overview ==

@@ Line 1: / Line 1: @@
-<menu name="myMenu" align="center">
+<menu align="center" name="myMenu">
 More Detail=
 [[Back Orders]]
@@ Line 82: / Line 82: @@
 Product &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Widget $ 300
 This makes the
 Average Cost $ 300<br> Landed Cost $1,300<br>
-When you sell the Product <br> Income&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Widget Sale $2,000<br> COGS $ 300 <br>
+Income&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Widget Sale&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>$2,000</u>
-Landed Costs as Stand Alone
+<u</u>
-Income&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
+'''Landed Costs in Average Costs'''
-Widget Sale $2,000<br> $2,000<br>Expense<br> Delivery $1,000<br> COGS $ 300<br> $1,300
+Income&nbsp;&nbsp;&nbsp;&nbsp; Widget Sale&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>$2,000</u><br> Expense&nbsp;&nbsp; Delivery $1,000<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>COGS&nbsp;&nbsp; $1,300</u><br>Total Expenses&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>$2,300</u>
-Nett $ 700
+&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; '''&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;'''<u>'''&nbsp; Nett -$ 300'''</u><br>
-−
-Landed Costs in Average Costs
-−
-Income<br> Widget Sale $2,000<br> $2,000<br>Expense<br> Delivery $1,000<br> COGS $1,300<br> $2,300
-−
-Nett -$ 300<br>

@@ Line 68: / Line 68: @@
 '''Understanding Landed Costs and Average Costs'''<br>
 There is a widely held mis-belief that the average costs of a product, should include the cost of shipping, delivery etc or the cost to land the product on your shelf.
 This is not the case and should not be considered, without a very strong understanding of how this works and a strong understanding of the additional work required to maintain this belief.
 The Landed Cost value is designed purely for the purpose of calculating what your sell price should be based on either a margin or a mark-up of the landed cost.
 While many may have theory on how this should work the reality of it is as follows.
 '''Landed Costs Expenses'''
-Expense
+Expense&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delivery $1,000
-Delivery                   $1,000
+Product &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Widget $ 300
-Product
-        Widget             $   300
 This makes the
-       Average Cost  $   300
-       Landed Cost  $1,300
-When you sell the Product <br> <br>Income
+Average Cost $ 300<br> Landed Cost $1,300<br>
 Landed Costs as Stand Alone
-Income<br> Widget Sale $2,000<br> $2,000<br>Expense<br> Delivery $1,000<br> COGS $ 300<br> $1,300
+Income&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
 Nett $ 700

@@ Line 1: / Line 1: @@
-<menu align="center" name="myMenu">
+<menu name="myMenu" align="center">
 More Detail=
 [[Back Orders]]
@@ Line 54: / Line 54: @@
 *Select the account to post Landed Costs to
 *Enter the amount
-*In the Related PO column, select the Purchse Order number that the landed costs relate to
+*In the Related PO column, select the Purchase Order number that the landed costs relate to
 *Save
@@ Line 64: / Line 64: @@
 *Save
 <br>
 '''Understanding Landed Costs and Average Costs'''<br>
-There is&nbsp; widely held misbelief that the average costs of a product, should include the cost of shipping, delievery etc or the cost to land the product on your shelf.<br>
+There is a widely held mis-belief that the average costs of a product, should include the cost of shipping, delivery etc or the cost to land the product on your shelf.
-This is not the case and should not be considered, without a very strong understanding of how this works and a strong understanding of the additional work required to maintain this belief.<br>
+This is not the case and should not be considered, without a very strong understanding of how this works and a strong understanding of the additional work required to maintain this belief.
-The Landed Cost value is designed purely for the purpose of calculating what your sell price should be based on either a margin or a markup of the landed cost.<br>
+The Landed Cost value is designed purely for the purpose of calculating what your sell price should be based on either a margin or a mark-up of the landed cost.
-While many may have theroys on how this should work the reality of it is as follows.<br>
+While many may have theory on how this should work the reality of it is as follows.
 '''Landed Costs Expenses'''
-<br>Expense
-       <br> Delivery           $1,000
-<br>Product
-       <br> Widget             $   300
-<br>This makes the
-       <br> Average Cost  $   300
-        <br> Landed Cost  $1,300
-When you sell the Product
+Expense
 <br>
-<br>Income
+Delivery                   $1,000
-         <br> Widget Sale $2,000
+Product
-         <br> COGS           $    300
+        Widget             $   300
 <br>
 Landed Costs as Stand Alone
 Income<br> Widget Sale $2,000<br> $2,000<br>Expense<br> Delivery $1,000<br> COGS $ 300<br> $1,300
 Nett $ 700
 Landed Costs in Average Costs
 Income<br> Widget Sale $2,000<br> $2,000<br>Expense<br> Delivery $1,000<br> COGS $1,300<br> $2,300
 Nett -$ 300<br>

@@ Line 1: / Line 1: @@
-<menu name=myMenu align=center>
+<menu align="center" name="myMenu">
 More Detail=
 [[Back Orders]]
@@ Line 21: / Line 21: @@
 [[Supplier]]
 [[Supplier List]]
 </menu>
-== Overview ==
-It is possible to associate landed costs for an imported product with the original Purchase Order even though the Purchase
+== Overview  ==
-Order has often been paid and closed before the landed costs are fully known.
-'''
-How to Use Landed Costs'''
-To use Landed Costs you must turn on Foreign Currency in Purchases and activate at least 1 Foreign Exchange Rate
-*Select Utilities
+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. How to Use Landed Costs To use Landed Costs you must turn on Foreign Currency in Purchases and activate at least 1 Foreign Exchange Rate
 *Select Preferences
-*Select Purchases
+*Select Utilities
-*Select Use Foreign Currency under Purchase Order Lines
+*Select Preferences
 *Save
 *Select General
 *Select Foreign Exchange List
 *Select Inactive Currencies
 *Select the currency you want to activate
 *Enter current Buy and Sell rates and select active
 *Save
 *Select Purchases
 *Select Supplier List
 *Select the supplier you will purchase imports from
 *Select General Tab
 *Select the Foreign Currency for this supplier from the drop down list
 *Save
-'''How to Process Landed Costs'''
+'''How to Process Landed Costs''' Before recording Landed Costs you must have previously created a [[Purchase Order]]
 Before recording Landed Costs you must have previously created a [[Purchase Order]]
 *Select Purchases
 *Select Bill
 *Enter Supplier Details (usually a Customs Agent or similar)
 *Select the account to post Landed Costs to
 *Enter the amount
 *In the Related PO column, select the Purchse Order number that the landed costs relate to
 *Save
 *Select Purchases
 *Select Purchase Order List
 *Select the Purchase order
 *Select the Import Costs button on the right of the screen
 *The landed costs will now appear in the landed costs column of the purchase order
 *Save

← Older revision		Revision as of 06:36, 2 March 2011
Line 23:		Line 23:
	</menu>		</menu>
	== Overview ==		== Overview ==
		+
		+	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.
		+	'''
		+	How to Use Landed Costs'''
		+	To use Landed Costs you must turn on Foreign Currency in Purchases and activate at least 1 Foreign Exchange Rate
		+
		+	*Select Utilities
		+	*Select Preferences
		+	*Select Purchases
		+	*Select Use Foreign Currency under Purchase Order Lines
		+	*Save
		+
		+	*Select General
		+	*Select Foreign Exchange List
		+	*Select Inactive Currencies
		+	*Select the currency you want to activate
		+	*Enter current Buy and Sell rates and select active
		+	*Save
		+
		+	*Select Purchases
		+	*Select Supplier List
		+	*Select the supplier you will purchase imports from
		+	*Select General Tab
		+	*Select the Foreign Currency for this supplier from the drop down list
		+	*Save
		+
		+	'''How to Process Landed Costs'''
		+	Before recording Landed Costs you must have previously created a [[Purchase Order]]
		+
		+	*Select Purchases
		+	*Select Bill
		+	*Enter Supplier Details (usually a Customs Agent or similar)
		+	*Select the account to post Landed Costs to
		+	*Enter the amount
		+	*In the Related PO column, select the Purchse Order number that the landed costs relate to
		+	*Save
		+
		+	*Select Purchases
		+	*Select Purchase Order List
		+	*Select the Purchase order
		+	*Select the Import Costs button on the right of the screen
		+	*The landed costs will now appear in the landed costs column of the purchase order
		+	*Save