One of my team members, Michelle Hesketh, created a ‘How To” blog article on Landed Cost and Complex Calcuations. I hope you all find this information helpful.
Imagine you run a company headquartered in Puerto Rico with an additional location in Jamaica. When you ship items from Puerto Rico to Jamaica, what should be a simple cross-company sale suddenly becomes a massive landed cost calculation. Every item you ship to Jamaica is subject to freight, customs, duties, and tax charges – and that drives up the average price of those items.
Problem: It is not uncommon for a “straightforward” landed cost transaction spreadsheet to contain 70+ lines, resulting in hours of manual entry!
Solution: With just a little bit of initial work, it is easy to configure landed costs in Acumatica, saving hours of work and reducing errors.
Summary of Steps (for more detail, see the full guide below)
- Create a new landed cost code
- Link a vendor to your landed cost code
- Decide how you want to enter landed costs
- Enter your landed costs
- Allocate the landed costs
- Verify accuracy
- Sit back and enjoy an easier landed cost transaction process
Here is your step-by-step guide to completing those tasks in order.