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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

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

  • 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

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