Welcome to the Empress guide for the Landed Cost Voucher feature. This feature is essential for businesses that deal with product importation, as it allows you to calculate the real cost of your imported items, taking into account additional expenses like taxes, freight, and insurance.
Introduction to Landed Cost Voucher
The Landed Cost Voucher feature in Empress allows you to distribute additional costs incurred during the procurement process over your stock items. This helps to provide a more accurate cost of your stock, leading to more precise financial and strategic business decisions.
Utilizing the Landed Cost Voucher
The Landed Cost Voucher can be filled out through a user-friendly form.
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Series: Choose the appropriate series for your voucher.
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Company: Select the company for which the voucher is being created.
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Purchase Receipts: Add the purchase receipts relevant to the voucher.
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Get Items From Purchase Receipts: Click this button to fetch the items from the selected purchase receipts.
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Purchase Receipt Items: View the list of items fetched from the purchase receipts.
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Applicable Charges: Enter the additional charges that should be distributed across your stock items.
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Taxes and Charges: Add any taxes or charges that apply.
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Total Taxes and Charges: This field is automatically calculated based on the taxes and charges you’ve entered.
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Distribute Charges Based On: Choose the method to distribute the charges amongst your stock items. You can select from options like quantity, amount, or distribute manually.
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Posting Date: Select the date of posting for the voucher.
After completing these steps, you’ll get an accurate cost of your stock items, inclusive of all additional charges and taxes.
User Roles and Permissions
The primary user role for managing the Landed Cost Voucher feature is the Stock Manager. This user has permissions to create, read, write, delete, and submit vouchers. They can also amend, cancel, share, and export landed cost vouchers, giving them complete control over the entire process.
Conclusion
The Landed Cost Voucher feature is an invaluable tool for businesses that handle imported goods. By providing a comprehensive view of the true cost of your stock, it allows for more accurate financial reporting and strategic decision-making. For further assistance with Empress features, please refer to our detailed user guides or contact our support team.