Tariffs

Acumatica allows processing Landed Cost transaction against Purchase Receipts.

So whenever you receive a bill for duty, tariff, or transportation of the goods, you can process a Landed Cost record against the corresponding Purchase Receipt. 

Acumatica supports different allocation methods for the landed cost charges - by quantity, by amount, by weight, by volume and none (no adjustment of the inventory cost at all).

Of course, you also will need to take into account the valuation method of the inventory.

But in general, Acumatica receives the inventory into stock after you release the Purchase Receipt, then allows to adjust the cost of it with processing Landed Cost charges.

Here is the link to the help wiki Allocating Landed Costs

As another option you can look into Container management solutions  AcuContainer - Container Tracking - Marketplace | Acumatica Cloud ERP

See also: Mastering Tariffs in Your Supply Chain: Optimize Costs with Acumatica’s Landed Cost Feature

Hi Melanie,

I share your concern and I am also interested in hearing how others are handling these tariffs in Acumatica, especially people in distribution.

We are trying to work through our options to see if negative group level discounts would work for us.  One issue is that our Item Price Classes (or other options in the discount code screen) do not properly line up with country of origin and/or the aluminum/steel tariffs about to go into effect.  And who knows what the next tariff will be...

Like some of the others replied, proper processes regarding the landed costs will help properly cost products and determine our margins in Acumatica.  But it does not help us accurately pass these costs to our customers in an clear and effective way.   Back in the day when duties/tariffs were relatively constant, high landed costs were built into the prices that were put out on an annual basis.  With tariffs changing daily that is not possible.

We are doing our best not to put some sort of blended document level charge to cover ourselves as we do not want to negatively effect our products that are not subject to the tariffs.

Please share if you come up with anything.

Hi! Here is a screenshot of how accounting works for landed cost - you can see the advantage is formally tracking inventory adjustments to a landed cost accrual account. You can have multiple expense accounts to capture different types of landed costs as well but at a high level this is what you’re looking at.