Landed costs (product group)
The product group Landed Costs tab is only displayed if you have selected to use landed costs in the Stock Control Settings Landed Costs tab.
Use this tab to set up the default for the product group to handle landed costs.
Landed costs refer to any costs associated with the shipping, handling and importing of stock items on purchase orders. These additional costs are often invoiced separately, for example, by a courier. They may span multiple purchase orders.
The landed costs are included in the cost price of stock items. The landed costs can be set as a percentage or as a fixed value.
You set up the defaults for the product group here. You can change this on individual stock items. You can set the landed costs on the stock item or for the stock item suppliers.
Once selected, this only affects items subsequently added to the product group. All existing items are not set up to use landed costs.
You must have:
- Selected to use landed costs in the Stock Settings.
- Specified the nominal account you want to use for your landed costs in the Stock Settings.
- A landed costs tab is added to all stock items in the product group.
- You can add landed costs when entering purchase order lines for stock items in the product group.
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When the purchase order is invoiced, the landed costs are:
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Added to the value of the order and posted to the Stock nominal account specified for the stock item.
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Added to the cost price of the stock item.
If you are using the standard costing method for your stock items, see How landed costs are posted.
- Posted to the landed costs nominal account specified in the stock settings.
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To set up landed costs
Open: Stock Control > Stock Maintenance > Product Groups.
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Select the product group and click Edit.
- Select the Landed Costs tab.
- Select Use Landed Costs to enable landed costs for all stock items in this product group.
- Select how items in the product group will deal with landed costs by default:
Not Applicable by Default
Select this if the product group items do not need to handle landed costs by default.
Percentage Based by Default
Select this to add landed costs for stock items in this group as a percentage of the order line by default. You must also enter the percentage value.
If required, you can change this when entering a purchase order line for the stock item.
Value Based by Default
Select this to add landed costs for stock items in this group as a set amount by default. You must also enter the required value.
If required, you can change this when entering a purchase order line for the stock item.
Note: You cannot use value based landed costs if you are using multiple units of measure for the product group.
Steps in this task
Choose a supplier for a stock item
Add standard items to the purchase order
Overview
Other tasks
Product group batch/serial numbers
Search categories (product group)