Landed Cost is used to include all extra expenses incurred for a product that has landed or received at the Warehouse or Branch.

Common types of landed cost are:

• Delivery Fee

• Freight Charges

• Shipping Charges

• Custom tax

Posibolt allows you to create a purchase order and add landed cost (or multiple landed cost) for that particular PO. So when setting a price for the product you can always be assured that the extra charges will be allocated to that particular product.

Landed Cost Category

Go to Administration>Accounts>Landed Cost Category

Here you can use the Search Tab to search for all the existing landed cost categories. And if you click the + sign you can create a new category. Also includes an edittab on the right side of the landed cost, so you can modify the particular landed cost category if required.

Steps to Create Landed Cost Category

• Category name. Type the new category name, and make sure it is unique and does not conflict with an already created landed cost name.

• Vendor. Type the vendor name, here as you type the few letters of vendor name, the appropriate vendor name from the system will be highlighted and you can select the required one. *Note: After selecting that vendor name, you will get the name and address details on the right side.

• Allocation mode. You can decide on what basis you want the landed cost to be calculated, normally we use by value or by quantity, although you can use as per your requirements.

• Value. The related costs are distributed according to the value of an item in proportion to the total value of the delivery

• Quantity. The related costs are distributed according to the quantity of an item in proportion to the total quantity of the delivery

• Weight. The related costs are distributed according to the weight of an item in proportion to the total weight of the delivery

• Volume. The related costs are distributed according to the volume of an item in proportion to the total volume of the delivery

• Payment mode. Itis also changing according to the requirements. Options available are After PO, after shipment or after receipt.

Landed Cost Admin

Here you can add landed cost for a Purchase Order.

Go to Purchases> Landed cost Admin

The details of landed cost admin are mentioned as follows:

• Landed cost category. The drop-down will consist of all the landed cost categories created on the system.

• Vendor Name. Search for the relevant Vendor

• Shipment Number. Enter the shipment number of the PO for which you want to generate the landed cost amount for.

• As you type the shipment number in the text box, the existing shipment number (along with the vendor name and date of the PO) will be highlighted. Select the appropriate shipment number. 

• In the next 3 columns enter the Amount of landed cost, Description and the Date.

• Click on Date, a small calendar will pop up, select the relevant date

• Details of the vendor will also be visible on the right side of the page.

• Click on complete, the Landed cost will be created for that particular PO.