Landed Costs for Expenses and Items on a Purchase Custom Transaction
This topic explains how to calculate and apply landed costs, including shipping, insurance, and other related expenses, to line items in a purchase custom transaction. For an overview of using expenses and items on purchase transactions, see Expenses and Items Subtab of a Purchase Custom Transaction.
Landed cost is the total amount paid for a product including shipping, and other additional costs.
You can have multiple categories for custom cost categories. The following procedures use example categories of Shipping and Insurance. These categories can differ from the custom categories your company uses. For more information, see Creating Cost Categories.
To calculate landed costs per line item on the Expenses and Items subtab:
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Click the Expenses and Items subtab. Then in the Items sublist, enter item details.
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Check the Landed Cost Per Line box. Note that when this box is checked, the fields on the Landed Costs subtab are disabled.
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Click the Landed Cost field. In the popup window, complete the following:
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In the Cost Category field, enter a custom cost category such as Shipping or Insurance.
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In the Amount field, enter a dollar amount for the cost.
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Click Add.
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Create additional cost categories as required.
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To finish, click OK.
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Click Save.
You can also calculate landed costs on the Landed Costs Subtab of a Purchase Custom Transaction.
For more information about landed costs, see Landed Cost Overview.
For information about other subtabs available for purchase custom transactions, see Creating a Purchase Custom Transaction Instance.