What are Landed Costs?
When you are selling a product, one of the considerations is the cost of getting the product or ingredients or parts into the country. This is called landed costs and you need to be able to calculate it either as an estimate or an actual so that you know the true cost of the product. Only then can a business know how much profit it will make.
Why MYOB CRM Makes Landed Cost Calculations Easy
Landed cost is the total cost of a product incurred from the time it is manufactured to the time it reaches the final destination, including shipping, customs duties, taxes, and other fees. Knowing the true cost of a product means you know what to sell it for and you can better maintain your profit margins.
- No more using Excel spreadsheets
- Gain the ability to use estimated landed costs
- Update actual Landed Costs and have applied automatically
- Shares the landed costs correctly with your Xero and MYOB accounting software
- Automatically have product pricing updated for selling
How to Calculate Landed Costs and Why it’s Important
MYOB CRM enables you to calculate the landed cost using three methods by:
- Dollar value
MYOB CRM enables an estimate and then ability to update the real costs later. By having landed costs calculated businesses gain a better insight into true costs of a product. MYOB CRM simplifies this process while keeping MYOB or Xero up to date.
Track, purchase, produce and manage orders and stock with ease. MYOB CRM runs the whole business from sales to fulfillment.
Improve accuracy of outbound shipment information and automatically update stock levels
Manage Backorders so you can still make the sale, invoice or do it later when the item comes in or is made. Be able to fulfill multiple sales orders with a click of a button.
Unique serial number makes sense for tracking where things are and who you sold them to.
Sell from multiple warehouses and keep on top of your stock levels across locations.
You can request quotes from suppliers (or potential suppliers) using the Request For Quote (RFQ) module in CRM. You can then quickly create a Purchase Order from an RFQ.
Powerful CRM Integrations
Plug in the apps you use to run your business.