How to apply landed cost

Once you have created a Freight Bill, the "CREATE LANDED COST" button will now be available in your bill. From then forward, you can now create and apply landed costs accordingly.

To create and apply the landed cost to your product,

1. Go to that specific freight bill and click "CREATE LANDED COST". Please take note that when you are creating a freight bill, selecting the freight and customs duty product will automatically tick the checkbox of your landed cost.

2. Update the details as needed:

• Date: Date of recognition of the landed cost
• Apply on: Transfers / Manufacturing Orders (in our case we will select Transfers)
• Transfers: You can add the delivery receipt of the purchase order related to the landed cost. You can add as many as needed. In this example, let's say the Delivery receipt number is Ocean/IN/00032
• Journals: Will automatically fall under Inventory Valuation
• Vendor Bill: Odoo will automatically pick the bill on which you created the landed cost with
• Additional Cost- These will be the content of the bill that is related to the landed cost. Please take note that these will be based on the details from your bill. The most important field to edit on this page is your "Split Method". You may choose either Equal, Quantity, Current Cost, By Weight, or By Volume.

3. Once done, you can simply click on VALIDATE. 

4. Upon validating, under your valuation adjustment, you will see how your landed cost was distributed and allocated to your products.