Landed Costs for Individual Stock Items

The Landed Costs form linked to each stock item is where you 'switch on' landed costs for an active stock item and apply Landed Cost Types to the item. You can apply up to four Landed Cost Types to an item.

If you use the Bill of Materials application and need to apply landed costs for components in the cost of a built assembly, you need to tick the Apply Landed Costs box for the assembly on the Bill of Materials - Processing form.

If the stock item is an assembly item, description item or a non-stock item, all the boxes on the form are disabled.

See the To Set Up Stock Control for Landed Costs Help topic for details on the steps that need to be followed to set up landed costs.

Box	Description
Apply Landed Costs to this stock item	An option that determines whether landed costs should be applied to this stock item when transactions are posted in Opera. If this option is ticked you can add up to four Landed Costs Types for the stock item to this form. You can untick this option at any time to prevent landed cost calculations in future transactions.
Landed Cost Type	The Landed Cost Type for the stock item. You can press F4 to select a type from a list or enter the code in the box.
Landed Cost Value or %	The value or percentage for the landed cost. The default value or percentage from the Landed Cost Type is displayed but you can change it if required.
Apply This Cost Type	An option that determines whether the landed cost will be calculated when the stock item is included in a transaction in Opera.
Include Within Aggregated Cost Calculation	Some landed costs, such as import duty and anti-dumping duty, are charged in addition to normal customs duty. They are calculated as a percentage of both the unit cost of the item plus other relevant landed costs. Tick this option if the type of landed cost, like shipping costs or insurance in the examples below, must be included in an aggregated cost calculation. To calculate these types of landed costs, you must also add a Landed Cost Type to the stock item that uses a calculation method of Aggregated Cost Percentage. Example 1: (Import duty of 14%) You import a bicycle. It costs £500 and attracts both shipping costs (£33) and insurance (£5). The cost of the bicycle including these charges is £538. Import duty of 14% must be charged on this aggregated cost - £538 * 14% = £75.32. The total landed cost is therefore £113.32 (£33 + £5 + £75.32) and the total cost is therefore £500 + £113.32 = £613.32. Example 2: (Import duty of 14% + Anti-dumping duty of 16%) You import a bicycle. It costs £500 and attracts both shipping costs (£33) and insurance (£5). The cost of the bicycle including these charges is £538. Import duty of 14% and anti-dumping duty of 16% must be charged on this aggregated cost - £538 * (14%+16%) = £161.40. The total landed cost is therefore £199.40 (£33 + £5 + £161.40) and the total cost is therefore £500 + £199.40 = £699.40. (You can assign only one aggregated Landed Cost Type to each stock item so you would need to combine the Import duty of 14% + Anti-dumping duty of 16% in this example into one cost type at 30%). You cannot tick this option if the calculation method for the Landed Cost Type is set to Aggregated Cost %.

Box

Description

Apply Landed Costs to this stock item

An option that determines whether landed costs should be applied to this stock item when transactions are posted in Opera. If this option is ticked you can add up to four Landed Costs Types for the stock item to this form.

You can untick this option at any time to prevent landed cost calculations in future transactions.

Landed Cost Type

The Landed Cost Type for the stock item. You can press F4 to select a type from a list or enter the code in the box.

Landed Cost Value or %

The value or percentage for the landed cost. The default value or percentage from the Landed Cost Type is displayed but you can change it if required.

Apply This Cost Type

An option that determines whether the landed cost will be calculated when the stock item is included in a transaction in Opera.

Include Within Aggregated Cost Calculation

Some landed costs, such as import duty and anti-dumping duty, are charged in addition to normal customs duty. They are calculated as a percentage of both the unit cost of the item plus other relevant landed costs.

Tick this option if the type of landed cost, like shipping costs or insurance in the examples below, must be included in an aggregated cost calculation. To calculate these types of landed costs, you must also add a Landed Cost Type to the stock item that uses a calculation method of Aggregated Cost Percentage.

Example 1: (Import duty of 14%)

You import a bicycle. It costs £500 and attracts both shipping costs (£33) and insurance (£5). The cost of the bicycle including these charges is £538. Import duty of 14% must be charged on this aggregated cost - £538 * 14% = £75.32.

The total landed cost is therefore £113.32 (£33 + £5 + £75.32) and the total cost is therefore £500 + £113.32 = £613.32.

Example 2: (Import duty of 14% + Anti-dumping duty of 16%)

You import a bicycle. It costs £500 and attracts both shipping costs (£33) and insurance (£5). The cost of the bicycle including these charges is £538. Import duty of 14% and anti-dumping duty of 16% must be charged on this aggregated cost - £538 * (14%+16%) = £161.40.

The total landed cost is therefore £199.40 (£33 + £5 + £161.40) and the total cost is therefore £500 + £199.40 = £699.40. (You can assign only one aggregated Landed Cost Type to each stock item so you would need to combine the Import duty of 14% + Anti-dumping duty of 16% in this example into one cost type at 30%).

You cannot tick this option if the calculation method for the Landed Cost Type is set to Aggregated Cost %.

You can change these landed cost settings for all your stock items without closing this form. Leave this form open and then use either the

and

buttons on the toolbar, use the CTRL+LEFT ARROW or CTRL+RIGHT ARROW keys or use the List tab to move between your stock items. Remember to first select the Stock - Processing form.