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.
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.
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.
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