Overview

The Landed Cost module covers import costing and deferred GST but is not restricted to foreign purchases of stock. It can also be applied to purchasing stock locally where additional costs are incurred and are to added to the cost of inventory e.g. buying stock from another state and incurring transport and insurance costs.

The main functions of the module are to:

Allow suppliers who have import costs associated with purchasing inventory to incorporate shipping costs into the inventory

Add import charges to the carrying cost of inventories by allocating the costs over the goods booked-in in four defined ways. (Cost, Quantity, Weight, or Cubic)

Receive consolidated shipments – the system can cater for a simple one-purchase one-supplier scenario through to the consolidation of many purchase orders from multiple suppliers in the one shipment

Provide flexibility allowing known costs to be added to the inventory value at the time of receipt of goods while leaving the shipment open to enable changes and additions to costs to be added when they are known

Create ‘book-in’ documents when unloading containers or trucks and receiving stock into the system with no restriction on how the goods are unpacked into the warehouse

The processing of purchase orders in JIWA 7 is the same, but each purchase order can be used by either the existing Goods Received Notes and purchasing system or picked up by the Landed Cost system

The Landed Cost system is a shipment-based system where a shipment is a container carrying goods or a truck containing goods, a single purchase order, or multiple purchase orders from the same supplier or different suppliers etc. Each shipment can have goods from multiple suppliers, ordered on multiple purchase orders

Following are the various sections for this module.

Work flow - explanation of the usual progress of data entry and completion

System Configuration - what's needed before using Landed Cost

Form Definitions - detailed description of the forms and the tabs and fields in this module

Using Landed Cost - steps to take to use this module

Journals - detailed description with examples of the journals created when activating each stage

Reports - description with screen shots of the available reports

Landed Cost Workflow

System Settings

Cost Type Configuration

Defining The Forms

Shipment