Overview
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
Set Up Accrual Landed Costs
Standard 10% markup for now
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