Landed Cost

Features Include:

• Landed cost factors are added to inventory cost on receipt of purchase order, with the appropriate accruals to specified vendors (carrier, broker, etc.)
• Define an unlimited number of cost factors (duty, freight, brokerage, duty at different rates, etc.)
• Define values per factor as a percentage or fixed dollar amount
• A general ledger accrual account is defined for each landed cost factor
• A default vendor may be defined for landed cost factors
• Each factor may optionally be defined to automatically default on each shipment
• Specific inventory items may be flagged as exempt from specific factors
• Landed cost accruals are matched against specific invoices from suppliers, brokers, carriers, etc.
• Variances are accounted for when matching each invoice to the vendor's accrual
• Accrual subledger report details the accrued amounts by account / vendor / shipment receipt
• Variance report details the variances between accrued and actual costs