Landed costs (stock settings)

About landed costs

Landed costs refer to any costs associated with the shipping, handling and importing of your stock items that you want to include on your purchase orders.

These additional costs are often invoiced separately, by a courier for example and they may span multiple purchase orders.

In Sage 200 you can:

• Choose whether stock items use landed costs by default.

• Charge landed costs as a set amount, or as a percentage of the order line.

• Apply landed costs whenever you use a particular supplier.

If you want to use landed costs in Sage 200, you need to turn this on here in the Stock Control Settings. You set defaults for your landed costs on the relevant product groups, and these are inherited by the stock items in that group. Landed costs can also be applied when using a specific supplier.

To include landed costs on your purchase orders, you must select Use landed costs for the relevant product group. The stock items in the product group are set to use landed costs by default. You can change this on individual stock items or when the purchase order is entered.

You can choose whether individual stock items use landed costs by default. You can also apply landed costs whenever you use a particular supplier of the stock item. When a purchase order is entered for the designated supplier, the landed costs are added to the order by default.

Outcomes

• A landed cost tab is displayed for each product group.

• When the purchase order is invoiced, the landed costs are:

  • Added to the value of the order and posted to the Stock nominal account specified for the stock item.

  • 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.

To use landed costs

Open: Stock Control > Utilities > System Set Up > Stock Control Settings | Landed Costs.

1. Select Use Landed Costs.

2. Enter the Nominal Code that you want to post the charges to.