Landed Price Calculation is the process of calculating the overall net cost of inventory items (outgoing), which should be inclusive of all customs and duties, on a per unit basis. Webrino has an in-built Landed Price Calculation tool that helps businesses do these calculations with ease.
Landed Price Calculation begins at the time of placing an order, the process has 3 steps involved
- Adding a New Order
-
Preparing for Arrival of the goods
Preparing for Arrival of the goods
- On the Dashboard, mouseover or click Invoices
- Navigate to Purchase Invoice and select
- Select the Invoice for which goods are to be recieved
- Invoice View page will open
-
Navigate to Prepare for Arrival button and select
- The Prepare Arrival Page will open
- Select and enter the details with regard to Branch & Container that you want to distribute the goods into
-
Only once you select a valid Branch that has a Container will you be able to add details of Duties and Customs, Shipping & Misc Charges
- Once you have entered the details Webrino will automatically calculate and display the Per Unit Landed Price & total cost of the SKU
- This Price will display in the default set Currency (during Setup of Webrino)
- You can also set the Exchange Rate (i.e, if the purchase was made earlier at a different exchange rate)
- You can also enter the overall Freight Charges, Handling Charges & Misc Charges paid, incase they do not need to be added to individual SKU's
- In case Shipping, Duty/Taxes need to be added seperately for each SKU, you can add them in the fields under Shipping, Duty/Taxes next to the inventory item
-
You can also move items to different containers (by selecting drop down box to select container & entering quantity)
- Calculation done is as follows (Subtotal + Shipping + Duties & Taxes) divided by (Quantity) Ex: (1724+70+60)/(100) = 1854 or 18.54 per unit
- You can also add in details such as Shipping Carrier Agent Name, Shipping Mode etc here
- After all details have been added, scroll down to the end of the page and select Mark Invoice as Arrived