Landing Costs

This topic covers landing costs.

The cost of procuring Inventory includes more than just the purchase price of the Items. Landing Costs include all of the charges that are associated with getting items into a warehouse and available for use or sale, including purchase price, freight, insurance, duty and handling charges. This topic discusses how to handle all of the landed costs.

The Landing Costs typically need to be transferred from the Transaction that records the costs (typically a Supplier Invoice) to the Transaction that lists the items that were purchased and updates Inventory (typically a Goods Received Transaction).

QuickEasy provides the functionality to do this from either Transaction using the Landing Costs menu on these Transactions - see Menu > Landing Costs. The Menu items include:

• Allocate Landing Costs - This opens a dialog which allows users to select which Transaction and Items to allocate from, as well as the Transaction and Items they must be allocated to.

• Clear Landing Costs - This will delete all the Landing Costs linked to the selected Transaction.

• View Landing Costs - This will open a side-panel module which lists the allocation made from / to the selected Transaction.

Getting Started

The only setting required for this functionality to work is the Landing Cost setting in Transaction Types. Options include:

• Allocate from - This will be the Transaction Type that is used to record the landing costs, typically a Supplier Invoice.

• Allocate to - This will be the Transaction Type that is used to update the Inventory values - typically a Goods Received Transaction Type

If users need the Status of Transaction to change after Landing Costs have been allocated to or from them, a Default = Landing Costs status can be created in the Transaction Types > Status tab.