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Reason 13 - Pegasus Opera 2 Upgrade - Landed Costs Reporting

Posted by Richard Common on 31-Aug-2016 08:30:00
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Landed Costs Report (LC)

This report displays the LC recorded when stock receipts were posted. You can sequence the report in different ways including by LC Type and LC Group. This report can be used to help with the reconciliation of expected LC with actual LC charged. After establishing the variances between expected and actual costs, you can work out any loss or gain and post a journal to the Nominal Ledger as necessary. You can also use this report to monitor the recorded LC values or percentages on the LC Types you have set up and make amendments if necessary.

Landed Costs Settings Report

The LC Settings report displays information about stock items with LC Types assigned to them. It displays the LC Types for each stock item, their default value, calculation method and whether it is included in the aggregated cost calculation. The LC Types are grouped by LC Group if they are used.

Stock Valuation and Historical Stock Valuation Reports

These reports can include both the landed costs and purchase price in the cost price figures. They also display the sale price and the calculated profit margin. Since the cost price can include LC, this report gives a much more accurate calculation of your potential profit margins if the goods were sold at their specified sale price. These reports can also be run excluding LC if required.

Issues Report

The Issues report can include both the landed costs and purchase price in the cost price figure. It also displays the actual sale price, actual profit value and profit margin on the sale, reflecting your profit more accurately. This report can also be run excluding LC if required.

Record Sheets and GRN Reports

These include both the LC and purchase price, helping you identify stock items that are subject to LC. The GRN Report also includes the Shipping Reference entered when the goods were received.

LC Prices

The LC value for a stock item (either standard or average, based on the stock profile in use) and the last receipt cost are displayed on the Stock Processing form. They are also displayed on the Warehouse form if warehouse prices are in use. This allows you to immediately see the expected LC and the LC price from the last receipt into stock.

The unit cost for the stock item is also displayed, giving you all the costing information you need for a stock item. These figures are used in a number of areas such as stock receipts in Stock Control and Purchase Order Processing, and on sales and orders and invoices in SOP/Invoicing. This gives you a more accurate view of costs and margins when using these stock items because it includes both the unit prices and the landed cost prices to give a true total cost.

 

 Get the Full Document which contains many reasons to upgrade to Opera 3 Business Software from opera 2:

Download the Full Reasons to Upgrade to Opera 3

 

Check out the related Blog Posts delivered as part of our Reasons to upgrade from Opera 2 series:

Reason 17 - Business Improvement Features

Reason 16 - Business Cloud

Reason 15 - HMRC VAT 100 Filing Online

Reason 14 - Stock take

Reason 12 - LC

Reason 11 - Timesheets via Web Xchange

Reason 10 - Payroll Self Service Web Xchange

Reason 9 - Web Xchange

Reason 8 - Scheduler & Notification Services

Reason 7 - Salary Sacrifice

Reason 6 - Email Payslips & HMRC P60

Reason 5 - Credit Management Reports

Reason 4 - Credit Management Centre

Reason 3 - Pegasus Opera 2 Upgrade - Open Period Accounting

Reason 2 - Pegasus Opera 2 Upgrade - Error correction in the Ledgers

Reasons to upgrade from Pegasus Opera 2 - Excel Output Reports

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Topics: Pegasus, Software, Opera 2 Upgrade

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