Landed Costs in Sage Intacct

In Sage Intacct, landing costs refer to the additional costs incurred when purchasing goods, which are necessary to bring the goods to their destination. These can include transportation, customs duties, taxes, insurance, handling fees, and other costs related to getting the goods into your warehouse or business. These costs need to be allocated properly to the items being purchased to accurately reflect the total cost of inventory or goods sold. Sage Intacct allows you to handle landing costs within the Accounts Payable and Inventory modules by allocating these costs to the specific items received during the purchasing process.

Watch this short demo video to find out more.

Understanding Landed Costs

Landed costs refer to the total expenses associated with shipping a product. These costs include: 

Effectively managing landing costs is essential for determining product pricing, ensuring profitability, and maintaining competitive advantage.

Challenges in managing Landed Costs

Several challenges arise in managing landing costs:

1. Complexity of Calculation

2. Customs and Import Duties

3. Shipping and Freight Costs

4. Inventory Management and Storage

5. Demand Forecasting and Budgeting

6. Supplier and Vendor Coordination

7. Regulatory and Compliance Challenges

8. Technological Integration

9. Lack of Standardization

10. Impact on Profit Margins

How Sage Intacct simplifies landed cost management

When it comes to managing landing costs, Sage Intacct provides several features that streamline the tracking, calculation, and analysis of these costs, ensuring businesses can maintain profitability and optimize their supply chain operations. Here’s how Sage Intacct helps with landing costs:

1. Comprehensive Cost Tracking

2. Automated Cost Entry and Integration

3. Real-Time Visibility

4. Vendor and Supplier Management

5. Inventory Valuation and Costing

6. Advanced Reporting and Analytics

7. Regulatory Compliance

8. Supplier Payment and Invoice Management

9. Scalability and Customization

10. Streamlined Workflow and Collaboration

In a nutshell…

Sage Intacct helps businesses manage landing costs by automating and streamlining the process of tracking, calculating, and analysing these costs. The platform’s ability to integrate with procurement, logistics, and financial systems, combined with its advanced reporting and real-time visibility, allows businesses to make informed decisions about cost optimisation, supplier management, and inventory pricing. This functionality is critical for businesses involved in international trade and logistics, helping them reduce errors, control costs, and maintain profitability.