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Landed cost

It should be possible to include the following in the cost of items. Purchase cost + Freight cost + Duty & VAT+ Clearing Cost e.g when we purchase product you can pay A to the supplier, B to the shipping company, C to the revenue Authority and D to the clearing agent. All these are total costs of this item. In the Geeneral Ledger should appear: Debit Purchases Account with (Cost of items+Duty and VAT+Freight Cost + clearing costs) and Credit four supplier's Accounts. one with Cost of Items, the other with Freight Costs, the other with Clearing Costs and the other with Duty and VAT, Also there should be stocks adjustment with the receipts. See also https://issues.openbravo.com/view.php?id=5084

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    Paolo JuvaraPaolo Juvara shared this idea  ·   ·  Admin →

    3 comments

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      • Dmitry MezentsevAdminDmitry Mezentsev (Product Development Director, Openbravo) commented  · 

        Hello Craig,

        Sorry about the delay with an answer.

        As of now we have delivered:
        1. MP13. New Cost Calculation Engine (including average costing method)
        Costing engine that supports organization and warehouse based costing. It incorporates Average as a first costing method. It also allows to include different costing algorithms as modules. Later it will be enriched with LIFO and FIFO support among other costing methods.
        2. MP14. FIFO module on top of above engine.

        LIFO and Landed Costs were postponed from the Roadmap (at least till the end of 2012). But as for any of the functionalities that are in general in our Roadmap we are happy to collaborate with you if you think on developing and contributing this functionality or on sponsoring it.

      • Craig SpongCraig Spong commented  · 

        The Roadmap intro refers to Landed Cost...

        "Financial & Accounting: the objective is to enhance Openbravo support of product costing (FIFO, LIFO, Landed Cost), many functional and productivity improvements and to enhance Openbravo Financial&Accounting Analytics."

        but this isn't referred to in any of the projects.

        The FIFO and LIFO portions seem to have been delivered in MP10, MP13 and MP14. Is landed cost no longer on the roadmap?

      • JJJJ commented  · 

        Step 1
        DR On Costs
        CR Individual Vendors

        Step 2
        DR Inventory
        CR Inventory Vendor
        CR OnCosts

        *** Costs are allocated to individual inventory items based on weight, volume, value etc etc.

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