Additional Cost
You can include an additional cost amount on receipts so the goods you receive into inventory are recorded at their true landed cost. The program calculates true landed costs by proportionally distributing the additional cost across all extended costs on receipts. Examples of additional costs are:
-
Lump sums included on invoices.
-
Custom brokerage fees.
-
An invoice, such as a freight invoice, that is separate from the invoice listing the inventory items.
When you post a receipt then run day-end processing, the program apportions the additional cost across all items, based on each item's extended cost as a percentage of the receipt's total cost.