Determine the true cost of your items, including all associated expenses or reductions (landed cost), to gain an accurate perspective on your actual profit margins.
When purchasing an item, additional expenses such as shipping, customs clearance, and insurance are often incurred. While you can record these landed costs directly in your accounting system, this can lead to an increase in your stock value, which may not always align with the actual situation. Additionally, it's important to consider upcoming end-of-year volume discounts when calculating your margins and sales prices. These discounts can significantly impact the true cost, but standard Business Central lacks a feature to manage this effectively. With Powerblox Advanced Costing, you have the capability to accurately calculate the off-balance, true cost (landed cost) of an item.
Select your preferred cost base, such as the last purchase price or the unit cost (average), and specify supplements and reductions to accurately compute the landed cost based on the average purchase quantity for each item, item category, landed cost category, or vendor. For each type, you have the flexibility to designate a fixed cost per unit, a fixed cost per order, or a percentage. This allows you to incorporate various supplements, including taxes, insurance, currency conversion, handling fees, as well as any potential reductions.
Within the item card, the "landed cost" field presents the actual cost, determined by the chosen cost definition. This field incorporates supplementary costs and subtracts applicable discounts, providing you with a dynamic, real-time insight into the genuine cost of your item.
Powerblox Advanced Costing introduces two additional columns in your sales documents: one displaying the landed costs and the other revealing the total margin for each line. This valuable feature enables you to assess the actual profitability for all your sales documents.
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Wholesale companies & retail companies. But also other types of companies with a larger number of suppliers and items.
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