Difference between revisions of "Landed Costs"
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== 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 | ||
Revision as of 17:36, 2 March 2011
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
