Landed Costs - Quick Start

This page provides a simple example to help you get started with Landed Cost. For more detailed instructions, refer to other sections throughout this documentation.

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Step-By-Step walkthrough

• Ensure all Prequisites are met

• Ensure Application is installed and Custom GL Plug-In is configured

• Ensure the Setup is completed before proceeding

1

Login to NetSuite

Important: Use administrator credentials to ensure having the necessary permissions.

2

Configure TradeQloud Setup

• Navigate to TradeQloud -> Setup -> Setup

• Enable Supply Order Creation

• Select Bill, Inventory Adjustment, Inventory Transfer, Purchase Order, Transfer Order in the Supply Order Transactions field

• Enable Landed Costs

• Select Purchase Order in the Landed Cost Transactions field

• Select applicable Subsidiaries / Locations in the relevant fields

• Set Landed Cost Rounding = 3

• Set Update IR Rate Saved Search = TQ QMC - Update Rate

• Set Update IR Rate Based on Vendor Bill Rate = T

• Select Default Landed Cost Processing Method = Create Individual Cost PO

• Select Default Primary Landed Cost Variance Method = Update Inventory Cost (Open Period Only)

• Select Default Secondary Landed Cost Variance Method = Do Nothing

• Set Automatically Process Landed Cost Variance = T

For detailed information about these settings, refer to the TQ Setup page

3

Item Setup

Create a Service For Resale Item

Create a new item to use for Landed Cost Processing where desired to track Landed Costs. On the item select an income account and expense account. New GL accounts may be required

Update Items

Update existing Items and ensure 'Track Landed Cost = T' (for inventory items)

4

Create Landed Cost Budget - Vendor Specific

• Open a Vendor record

• Go to Tab: TradeQloud -> TQ Landed Cost Budget -> New TQ Landed Cost Budget

• Fill in the following fields

  • Auto-Apply Transactions &#xNAN;Select all the transactions the Landed Cost will be applied to

  • Landed Cost Vendor &#xNAN;Select the Landed Cost Vendor for this budget

  • Landed Cost Item &#xNAN;Specify the Landed Cost Item to be used for costing.

  • Calculation Method

  • Allocation Method

  • Rate / Percent &#xNAN;Depending on which Calculation Method you select, either the Rate or the Percent field will become active & required

  • Currency

  • Primary Landed Cost Variance Method &#xNAN;Depending on the selection the Secondary Landed Cost Variance Method will activate

  • Secondary Landed Cost Variance Method

• Click Save

More information about Landed Costs Budgets

5

Create First Transaction

Create a Purchase Order, ensure that the item selected is included in the filter, and the discount should be applied!

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Need Assistance?

If you continue to experience issues after following these installation steps, we recommend reaching out for further assistance.

Please contact us at [e-mail] with a detailed description of the problem. Our dedicated support team is committed to helping you resolve any challenges you may encounter.