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Re: Is the term Landed costs correctly used in Odooby
Isn't there a difference between
Landing costs (excl. Product price)
Landed costs (all inclusive)
On 22 January 2015 03:16:54 Eva Pinter <email@example.com> wrote:
It seems that the definition of landed costs in Odoo differs from the standard usage.As a matter of fact, the point in Odoo called landed costs allows to define all costs except the original cost of the item. I believe that this is somehow confusing for accountants, as the term already has a widely accepted meaning.Would it be possible to adapt this term for the next versions of Odoo? I propose "acquisition costs”. It would be easier understandable, I guess.Here some definitions found1. The total cost of a landed shipment including purchase price, freight, insurance, and other costs up to the port of destination. In some instances, it may also include the customs duties and other taxes levied on the shipment.
2. Landed cost definition:
Landed Cost is the total cost of a product once it has arrived at the buyer’s door. This list of components that are needed to determine landed costs include the original cost of the item, all brokerage and logistics fees, complete shipping costs, customs duties, tariffs, taxes, insurance, currency conversion, crating costs, and handling fees. Not all of these components are present in every shipment, but all that are must be considered part of the landed cost.In calculating actual or landed cost, all expenses incurred in acquiring an item are added to the cost of items in order to establish what the goods actually cost. Additions usually include freight, duty, etc.
- (business) The end cost of an internationally shipped item. This includes purchase price, freight, insurance, and other costs and may sometimes include dutiesand taxes.