What is landed costs in SAP SBO - SAP Business One?

SAP Term: landed costs

• Component: SBO

• Component Name: SAP Business One

• Description: Based on the goods receipt PO, this function records the expenses incurred when purchasing goods in one country and importing them into another country. These costs can include transport, customs, insurance fees, taxes, and other expenses.

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• Key Concepts: 
  Landed costs are the total cost of a product when it arrives at its destination. This includes the cost of the product itself, as well as any additional costs associated with shipping, taxes, duties, and other fees. In SAP Business One (SBO), landed costs are tracked and managed in the system to ensure accurate pricing and inventory management. 
  
  How to use it: 
  In SBO, landed costs can be tracked and managed in the system by setting up a landed cost code. This code is used to identify the different types of costs associated with a product, such as shipping, taxes, duties, and other fees. Once the code is set up, it can be applied to each product in the system to track and manage landed costs. 
  
  Tips & Tricks: 
  When setting up a landed cost code in SBO, it is important to ensure that all of the associated costs are accurately tracked and accounted for. This will help ensure that pricing and inventory management are accurate and up-to-date. Additionally, it is important to regularly review and update landed cost codes to ensure that they are still relevant and accurate. 
  
  Related Information: 
  For more information on landed costs in SBO, please refer to the SAP Business One Help Center or contact your local SAP representative. Additionally, there are many online resources available that provide detailed information on how to set up and manage landed costs in SBO.