Establishing Landed Costs for Stock Items can be difficult. All companies that import or export need to know what the total cost of an item is.

Calculating Landed Cost is critical in understanding what a stock item costs and so what price it can be sold for.

In order to calculate the Landed Cost, all factors beyond the original price should be considered (shipping costs, custom duties, taxes, insurance, crate costs, handling fees etc.).

The Sage 200 Landed Costs option makes it possible to calculate the costs incurred in shipping costs, duties, etc.  separately from the cost of the stock item it isself.

The Landed Cost values can also be posted to a specific Landed Cost Nominal account.

The Landed costs are added to the cost price of the stock item in order to represent the full cost of purchasing the item in your stock valuation.

Landed Costs are entered during Purchase Order entry. This can be either a percentage or a value. They affect the Stock Control when the purchase order is processed. The Nominal Ledger is affected when the Purchase Order Line has a Purchase Invoice raised against it.

The folloing document explains how to set up and use Landed Costs in Sage 200:

Talking Sage 200 – Landed Costs