Stock Specific Identification & Landed Costs
by Viindoo
| Lines of Code | 195 |
| Technical name | viin_stock_specific_identification_landed_costs |
| License | OPL-1 |
| Website | https://viindoo.com/apps/app/17.0/viin_stock_specific_identification_landed_costs |
| Read description for | v 13.0 v 14.0 v 15.0 v 16.0 |
| Required Apps | Invoicing (account) Purchase (purchase) Discuss (mail) Inventory (stock) |
| Included Dependencies | Stock Specific Identification |
Demo video: Stock Specific Identification & Landed Costs
What it does
Problem
- It takes time and makes many mistakes when calculating the cost and surcharge of goods after warehousing because the quantity is often large and imported from many different sources, so the costs incurred are difficult to control.
- If you want to apply the inventory valuation method, it will take a lot of time and expense to arrange and control goods manually when entering the warehouse.
This module will help you
- Automatically calculate value inventory and apply the actual method to each product as soon as it is in stock.
Key Feature
This module allows the allocation of landed costs for products configured with automated inventory valuation and specific identification costing methods.
Editions Supported
- Community Edition
- Enterprise Edition
Installation
- Navigate to Apps.
- Search with keyword viin_stock_specific_identification_landed_costs.
- Press Install.
Instruction
Instruction video: Stock Specific Identification & Landed Costs
1. Configure the product category
On the product category interface, select the costing method Specific Identification, Automated Inventory Valuation and fill the suitable accounting accounts for this category.
2. Configure the products
In the system, you can create a product from different modules such as Inventory, Sales, Purchase, etc. The product should be configured as follow:
- Product type: Storable;
- Inventory Tab: Tracking by unique serial number;
Do the same steps to create a landed cost product. For example Shipping fee. On the Purchase tab, select Is a Landed Cost, default split method, and the control policy on ordered quantities.
3. Create purchase order and receive products
Navigate to Purchase > Orders > Request for Quotation, press Create to create a new request for quotation for a vendor. Select the storable products and press Confirm to change it to purchase order.
On the receipt interface, fill the serial number and press Confirm to process the receipt in the Inventory app.
4. Create vendor bill and allocate the landed cost
When receiving Vendor bills for the shipping fee, navigate to Accounting > Vendors > Vendor bills, press Create and select the product Shipping fee. Press Save to save the information.
Press Create Landed costs. The system will create a warehouse expense slip. You need to select the receipt and press Compute to calculate the landed cost of each serial number according to the configured split method.
Switch to the Valuation Adjustments tab to check the computed allocation amount. After that, press Validate to post this expense slip.
Navigate to Inventory > Reportings > Stock Valuation, the shipping costs are already added to each selected serial number of products.
Note: Do the same steps with the product tracked by lot.
This software and associated files (the "Software") may only be used (executed, modified, executed after modifications) if you have purchased a valid license from the authors, typically via Odoo Apps, or if you have received a written agreement from the authors of the Software (see the COPYRIGHT file).
You may develop Odoo modules that use the Software as a library (typically by depending on it, importing it and using its resources), but without copying any source code or material from the Software. You may distribute those modules under the license of your choice, provided that this license is compatible with the terms of the Odoo Proprietary License (For example: LGPL, MIT, or proprietary licenses similar to this one).
It is forbidden to publish, distribute, sublicense, or sell copies of the Software or modified copies of the Software.
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