Landed Cost:

Is the process of capturing all costs associated with the acquisition of goods, enabling businesses to accurately calculate inventory valuation by including these associated costs, whether the costs are known at the time of receipt of the goods, or sometime after.

Step 1. There is only one way to open the Landed Cost Group screen of Advance Inventory

that is from the left menu by clicking on Advance Inventory ------>  Setup  ------> Landed Cost.

Step 2. Users click the 'Landed Cost Group' button, a new window open in which we can see the landed cost group record.

1. Add Landed Cost Group: Users click the  'Add Landed Cost Group' button, a new window open in which we can enter the Landed Cost group record.

2. Landed Cost Group Name: User can see the "Landed Cost Group Name" column

3.Edit: Users click the 'Edit' button then we have a new screen open that we can update the existing record.

Step 3. Users click the  'Add Landed Cost Group' button, a new window open in which we can enter the Landed Cost group record.

1. Landed Cost Group Name: Users can enter the name of the landed cost group in this field.

2. Add Row Button: Users click the 'Add Row button' we have a new row add in which we can enter the record.

3. Landed Cost Code: Landed cost codes are used to capture various types of landed costs. For each type of landed costs, your company may encounter,create a landed cost code to be used to enter and process that type od landed cost. Most landed costs are not fixed amounts associated with a specific inventory item.

4.Description: Users in this field we can write about the description of landed cost group.

5. Landed Cost Method: Users in this field we can enter the landed cost method.

6.Value: Users in this field we can enter the value of the landed cost group.

7. Delete: Users click this delete button, we have deleted the row.

8. Save & Exit: If you click "Save and Exit", then it will redirect to the index page of the 'Landed Cost Group' screen.

9. Save & Continue: If you click "Save & Continue", then it will show you changes that you saved.