Automatic Calculate Landed Cost

Overview

The Automatic Calculate Landed Cost Odoo app simplifies inventory cost management by automatically computing landed costs for incoming shipments. It accurately allocates expenses like freight, insurance, and customs across products, ensuring precise product valuation. This automation enhances accounting accuracy, reduces manual effort, and supports efficient inventory and financial operations.

Hot Features

◆ Easy To Apply Landed Cost For Purchase

◆ No Extra Configurations

◆ Automatic Journal Entry Creation

◆ Set Journal For Landed Cost Of Purchase

◆ Works For All Costing Methods

◆ Purchase Landed Cost Configuration In Bill

◆ Automatic Landed Cost Creation From Bill

◆ One Click Calculation Of Landed Cost

Features

◆ Easily apply landed costs to purchase orders directly without complex steps, ensuring accurate product valuation.

◆ No additional configurations required, just install and start using immediately with your purchase process.

◆ Automatically generates the necessary journal entries for landed costs, reducing manual accounting effort.

◆ Allows selection and assignment of specific journals for landed cost accounting in purchase workflows.

◆ Fully compatible with all costing methods, including standard, average, and real-time costing.

◆ Provides an intuitive configuration option for landed cost directly within the vendor bill form.

◆ Automatically creates landed cost records from vendor bills, streamlining accounting operations.

◆ Calculate landed cost with a single click, simplifying financial adjustments for purchases.

◆ Easily identify and trace the journal entries created specifically for each landed cost application.

Work Flow

First of all user need to do some basic configurations.
User need to navigate to Settings >> Users & Companies >> Groups.

Here, user need to search for Show Full Accounting Feature & Stock Accounting Automatic and add user into it.

Later user need to go to Inventory >> Configuration >> Product Category.

Here user need to set Costing Method which ever they want to and Inventory Valuation as Automatic will showup a Account Stock Properties.

Now user is all set for processing.
When user creates a purchase order for the product that fell under the product category in which the configuration is done here in case Office Furniture & confirm the purchase clicking the button Confirm Order.

It will create a Receipt and showup the button Create Bill.
User need to confirm the Receipt created and click on Create Bill coming back to purchase order.

On clicking Create Bill will create a bill for that purchase.
Here user can see field Landed Cost Journal that holds the journal in which the landed cost entries will be created.
Also user has the page Landed Cost Lines where user need to add the landed cost that need to be applied.

Here if the Landed Cost Lines are set then user need to set the Landed Cost Journal else not required.

Setting the Landed Cost Journal & saving record will create a Landed Cost record which can be access from Inventory >> Operations >> Landed Cost.

These landed cost record will have a transfer & bill attached for which purchase order it has created & the landed cost lines set.

Further need to confirm the bill & come back to the landed cost here user can see the draft bill previously shown is not appearing with the bill name also user need to click on.

Click on button Compute, these will set the Inventory Adjustment with the purchase amount and landed code added.

Now user need to Validate the landed cost record that will create a Inventory Valuation & Journal Entries for the purchase product and landed cost.
To check the inventory valuation created user need to go Inventory >> Reporting >> Valuation.