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Landing Cost

The landing cost is the total price of the shipped product. It includes the product’s price and other fees like transportation, duties, customs etc. The landed cost is linked to purchase orders while receiving products.

Add the purchase order from Accounts>>Purchase Order section and approve it.

Then create an expense which you will use as the landed cost in the purchase order. While adding the expense, choose the purchase order number you want to link it to under Show Additional Fields.

After the expense is approved, go to purchase order summary and click receive. Choose the allocation type under Related Expenses. You will see the allocated costs. Click save. The average cost of each item will change accordingly.

You can view the allocated expense from Accounts>>Statements>>Journal Report.


Created by Aziza Israilova, 
April 2019



See also