Storage costs (SAP Business One)

The costs incurred by the Storage of a material arise.
They are recorded in the material master record as a percentage of the valuation price and with optimisation of the batch size procedure in the batch size calculation.

1. types of storage costs

General storage costs

Operating costs of the warehouse, e.g. Rent, insurance, energy and Personnel costs.

Inventory costs

Capital commitment costsCosts arising from the capital tied up in stock.
Spoilage, obsolescence and storage costsLosses due to obsolescence and spoilage as well as expenses for storage.

Storage costs

Storage space costs, warehouse management and handling of the items in the warehouse.

Transport and freight costs

Transport costs: Costs for the Incoming and outgoing goods.
Freight costs: Inventory-related freight costs attributable to Line level or as total costs of a document. The Freight tax is included in the total tax at per capita level.
Customs costs: Can also be part of the storage costs if they are included in the Cost price be taken into account.

2. storage costs in SAP Business One

item master data

Storage costs can be included in the item master data be deposited.

Stock assessment

The valuation method (Moving average, FIFO or standard costs) influences the calculation of storage costs.
With Continuous inventory management reflects the stock value in the balance sheet always reflects the current stock value.

Pricing

Storage costs can be Pricing be taken into account. price lists are shown in the warehouse management defined.

Freight management

Freight costs are charged via the Freight definition managed, whereby it is determined whether the freight gross or net, taxable and how it is distributed to the document lines.

landed prices

Of the Cost price includes Material costs, freight costs and if necessary Customs costs.

Account determination

In the Account determination is determined to which ledger accounts the storage costs are posted.

Reports

SAP Business One offers Inventory reports to the Analysing storage costs. The gross profit can be calculated on the basis of the item price or the last purchase price be calculated.

3. management of storage costs

Inventory management

Inventory management can either be by warehouse or at company level take place.

Goods receipt/invoice receipt accounts (GR/IR accounts)

GR/IR accounts must be balanced at the end of the purchasing process, especially if freight costs are taken into account.

Continuous inventory management

Holds the Inventory value in the balance sheet is always up-to-date and ensures Accuracy of storage costs.

cost accounting

Storage costs can be cost accounting assigned and cost centers to analyse the profitability of individual areas of the company.

Versino Financial Suite

the Versino Financial Suite makes warehouse cost processes in SAP Business One more transparent, automates period-based postings and makes it easier to analyse and document all warehouse-related expenses. It thus ensures greater efficiency, traceability and convenience in warehouse-related financial management.

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