Stock Control Help
Landed Cost Types define how landed costs are calculated for relevant stock items. Each type includes a code and description to help you recognise it when you use it in Opera. You also define a calculation method for each type; used to calculate the landed cost for a transaction. Up to four Landed Cost Types can be assigned to each item.
After you have created these types you need to allocate one or more of them to each stock item for which landed costs need to be calculated. This is done from the Stock Control - Processing - Landed Costs form.
Box |
Description |
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Code & Description |
A reference and description to identify the Landed Cost Type in Opera. The code must be unique.
|
Group |
If you have set up Landed Cost Groups, you must link one to this Landed Cost Type. Linking Landed Cost Types to groups allows you to view summary landed costs on the Landed Costs Report for different types of costs. For example, you may set up different Landed Cost Types for each type of freight costs you incur - road, sea and air - and then link them to a Landed Cost Group for 'freight'. You can then view these costs grouped together in Opera. |
Calculation Method |
There are three methods that can be used to calculate landed costs. The Value or % box is enabled so you can enter the default value or percentage for the Landed Cost Type. However, you do not have to enter a default value or percentage; you can leave the box empty and override the landed cost settings when you post transactions. These are the calculation methods:
Important: You cannot change the calculation method after it has been applied to a stock item on the Stock Control - Processing - Landed Costs form. |
Landed Costs in Nominal Ledger Account |
A code that identifies the default Nominal Ledger landed costs account for received stock items. This reference should be defined as a Profit and Loss type account. This is the hierarchy that is used for the Landed Costs In account before it is used to update the Nominal Ledger:
This is only enabled if Stock Control is linked to the Nominal Ledger. This is controlled by an option on the System - Maintenance - Company Profiles form. |