AutoCount Landing Cost Module

Key Features

• Allocate additional purchasing costs into stock item costs
• Include freight, forwarding, insurance and other landing charges
• Record local and foreign landing charges
• Allocate landing costs based on item subtotal
• Allocate landing costs based on stock item weight
• Allocate landing costs based on stock item volume
• Record customs duty charges for individual stock items
• Automatically include allocated landing cost in stock unit cost
• Improve inventory valuation and product costing accuracy
• Provide more accurate gross profit calculation based on actual stock cost
• Review updated item cost through AutoCount stock reporting

System Compatibility

• Designed for use with AutoCount Accounting
• Applicable to Goods Received Note, Purchase Invoice and Cash Purchase transactions
• Integrates with AutoCount purchase and stock costing functions
• Landing cost distribution applies to stock items
• Suitable for Malaysian SMEs, importers, wholesalers and distributors
• Available functions may depend on your AutoCount edition, licensed modules and system configuration

Who Should Use AutoCount Landing Cost Module?

AutoCount Landing Cost Module is suitable for Malaysian SMEs, importers, wholesalers, distributors and trading companies that incur additional costs such as freight, forwarding, insurance or customs duty when purchasing inventory.

Frequently Asked Questions

What is AutoCount Landing Cost Module?
AutoCount Landing Cost Module allows businesses to distribute additional purchasing costs across stock items so that inventory reflects a more accurate total purchase cost.

What costs can be included as landing costs?
Landing costs can include expenses such as freight, forwarding, insurance, customs duty and other charges related to bringing purchased goods into the business.

How does AutoCount distribute landing costs?
AutoCount can distribute landing costs among stock items based on each item's subtotal, weight or volume.

Can AutoCount handle foreign currency landing charges?
Yes. The module provides fields for foreign charges and local charges when recording landing costs.

Does landing cost affect inventory cost?
Yes. The allocated landing cost is added to the purchase cost of the stock item, resulting in a more accurate stock unit cost and inventory valuation.

Does landing cost affect gross profit?
Yes. Because landing costs are incorporated into stock costing, they can affect closing stock value, cost of goods sold and gross profit calculations.

Who should use AutoCount Landing Cost Module?
It is especially useful for businesses that import or purchase goods where freight, insurance, duty and other additional charges form a significant part of the actual inventory cost.