How to manage landed costs?

Configuration

Start by enabling the Landed Costs setting from the Inventory -> Configuration -> Settings page. You can also define a default journal in which the landed cost accounting entries will be recorded.

Setting up landed costs

Go to the Inventory -> Master Data -> Products to create a landed cost service. Ensure that the Product Type is set as Service and the Is a Landed Cost checkbox is enabled in the Purchase tab of the product form.

Receive the vendor bill

Once you have received the goods, go ahead and create the vendor bill along with the landed cost service line and click on the button to Create Landed Costs.

In the landed cost form, select the Transfers the landed cost applies. You can also select a Split Method on the landed cost lines to indicate how you want the cost to be split between the products contained in the transfer(s). Click on click Validate to post the journal entries.