...
Overview
...
FIFO Costing Method
...
Inventory costs are manually adjusted for currency conversion rates and a “standard” markup for shipping costs (includes duties, insurance, etc.). This is done every time they make a purchase or receive a price list
...
Bulk purchase discounts; discounts often appear on a separate line and aren’t always automatically factored into the cost calculations within the system
...
For truckload purchases, an average shipping cost of 5–10% is added manually to each item. This shipping cost is often recorded separately and is not part of the vendor’s invoice, which requires an additional step to account for it
...
Fencescape uses FIFO for inventory costing. A standard 10% markup is added to each item to capture shipping costs, duties and insurance. Certain items offer bulk purchase discounts.
Requirements
Landed Cost Configuration
Configure the landed cost fields to capture shipping, insurance, and other potential costs
Standard 10% markup for now
Set up accruals for landed costs when invoices are received at a later date
https://help.goldfinchcloudsolutions.com/goldfinch/manage-landed-costs
...