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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

  Set Up Accrual Landed Costs

  • Standard 10% markup for nowSet up accruals for landed costs when invoices are received at a later date

  • Setup Accrual GL Account; 2306 Accrued AP Landed Costs

  • Setup Landed Costs Service Item; Z-Landed Costs

  • Configure Account Posting Setup record for Service Item; APS-0000003

  • Update Company Extended Setup with the Accrual GL Account and Service Item

  • Define estimated % landed cost on inventory items

    • GORILLA FENCE (green teak):GFHPGT108

    • GFPPCGT

    • GFUCGT96

  • https://help.goldfinchcloudsolutions.com/goldfinch/manage-landed-costs

  • Configure landed costs to allocate based on line cost of the Warehouse Receipt, rather than Quantity

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