Calculating the total landed cost for goods can be a time-consuming experience.
What if you could drastically reduce the effort required for receiving and invoicing? This in turn leads to recording costs more accurately, faster reporting of key information, and better accounting practices. Fortunately, the landed cost capabilities of Microsoft Dynamics GP Inventory series can simplify this activity.
Microsoft Dynamics GP allows you to define an unlimited number of landed cost elements such as Harbor Maintenance Fee (HMF) and Duty percentages, then mix and match these elements to reflect the group of landed costs which should be associated with each item. During the purchasing and receiving activities, those default landed costs flow through the system automatically, reducing the need for manual input. Accurately represent the true cost of an item as it moves into Inventory by using the combination of line item specific landed costs and transaction level landed costs.