Landed Costs (SAP Business One)

The cost price is the total amount spent on the procurement of goods until they are stored in the company. It is made up of the purchase price of the goods and the procurement costs.

Components of the cost price:

Purchase price of the goods
Purchase costs such as:
- transportation costs
- Insurance costs
- Customs duties
- Taxes and other import duties

function in SAP Business One:

The landed costs document is used to properly allocate these additional costs to the relevant items of a delivery.
The costs are allocated to the individual articles according to a defined key.

Accounting effects:

When using the Continuous inventory management When the goods receipt price document is created, a automatic Journal entry generated in the accounting system.
This booking updates the Moving average price and the FIFO-Price of the articles concerned.
Will No continuous inventory management is used, no journal entry is made in accounting.

Versino Financial Suite

the Versino Financial Suite supports the correct recording and posting of the cost of goods received in SAP Business One, which includes all costs for the procurement and storage of goods. With automatic postings and transparent overviews, the Versino Financial Suite makes it easier to manage the cost of goods received, improves warehouse valuation and optimises cost accounting and financial processes as a whole.

Connection with stock valuation:

The cost price has a direct influence on stock valuation.
It represents the actual unit value of an item on receipt of goods.

Reference to asset accounting:

In asset accounting, these costs correspond to the Acquisition and production costs.
They are necessary in order to properly recognise the asset as a fixed asset.

Summary:

The landed costs in SAP Business One include all costs that are necessary to make an item available in the camp are incurred. It forms the basis for correct stock valuation, influences booking prices and is automatically taken into account by the system - especially when continuous stock management is activated.