Solomon Landed Cost Altara

The Microsoft Business Solutions–Solomon® Landed Cost module provides distributors and manufacturers with comprehensive tools to capture actual shipping, handling, and import fees (landed costs) and roll these costs into the total cost of goods. This allows organizations to account for additional costs beyond the merchandise cost of inventory incurred in purchasing items, such as freight and miscellaneous origin and destination charges, and represent these costs in the valuation of the inventory.

Multi-Currency Enabled
Distributors or manufacturers who acquire goods from international suppliers when multiple currencies are involved can effectively record and account for the landed costs associated with the goods purchased. Using Solomon's bi-monetary support in inventory, item valuations updated by landed costs can be represented in the inventory's alternate currency.

Multiple Valuation Method Support
The Landed Cost module can update inventory costs for items with valuation methods, FIFO, LIFO, Average Cost, and Specific Identification. By automatically updating inventory values and financial ledgers according to the appropriate rules of each valuation method, after-the-fact adjusting entries are avoided. This reduces the manual work and reconciliation that has to be performed by the accounting department.

Landed Cost Delivers These Additional Features:

Record Landed Costs subsequent to the receipt of goods through Accounts Payable. Often, landed costs are not known at the time the goods are received because invoices are sent by the vendor at a later time. These costs entered after-the-fact will also update inventory value.
Landed Costs can be allocated to inventory items based on quantity, cost, or weight.
Landed costs applied to inventory goods received for a specific project will appropriately and automatically record and allocate the additional costs to the project.

Key Benefits:

Easily customizable and highly scalable

Supports connectivity with customers, vendors, business partners and employees

Robust, comprehensive functionality all-in-one source

Supports operations across countries, sites, languages and currencies

Key Features:

Microsoft Solomon SCM supports your entire business and delivers these key functions:

Advanced Shipment Management

Bill of Materials

e-Commerce Gateway - EDI Edition

Inventory

Landed Cost

Order Management

Order to Purchase

Purchasing

Web Order

Work Order

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