Landed Cost applied to Transactions

Landed Cost feature enables users to associate and capitalize the charges they incur upon purchase to the item cost.

This article would document how the Landed Cost feature works when applied to transactions.

For instance, the user received a Bill that pertains to the Landed Cost charge (i.e. Brokerage)

The GL impact of the Bill would be

Landed Cost Expense      XX

               Accounts Payable      XX

We can take note that the following is populated in order for the system to associated/regard this Bill as a Landed Cost:

     • Landed Cost Category

     • Reference No.

These are required especially if the Landed Cost would be allocated by referencing to this specific Bill