We are now at Odoo 16 and this seems to be a pretty important video. Maybe its time to do a new one up to date so we don't have to chase the changes through comments. Also, what is we have 4 different expenses affecting landed cost. Exchange Rate, Duty Rate, Transport Fees, Brokerage Fees. Can we do all 4 (or 3 if exchange rate is handled separately) in a single transaction. Also, when we view landed cost in inventory, can see what amount was for what portion?
When configuring a product as a landed cost, and you want to tick the "Is a Landed Cost" flag, you find it in the Purchase tab now. Seems to have moved there.
Hello! Exactly, Bettina. As we are (also) constantly working on improving the user experience, you might encounter some differences. Thank you for pointing that out! :) Cheers!
While a separate product/service like transport is being created in this case and then a 150$ amount is entered manually while accounting for landed cost. What when I receive an invoice directly from the freight forwarding company? Can I link that sub invoice to the parent product invoice and then calculate the landed cost?
@@Odoo I have the same question as above, the $150 is charged from a Freight Forwarder and understand V.14 will have this functionality. However, how would you recommend I do it for now? Journal Entry, because I will have a $150 expense bill from freight...would a Journal entry take it out of freight expense and put it into the inventory evaluation?
@@driesvw1071 Looking for the same thing...this was a selling point, but so far is not working the way it was anticipated. We need to be able to accrue landed costs for items not yet received as well as from various vendors, not just the supplier of the product to which we are applying add'l costs.
In odoo 10 it is not possible to apply landed cost for product have AVCO costing methode, is it possible to set the landed cost with costing method Average Cost (AVCO)?
Hello! We would like to invite you to post your questions on our forum: www.odoo.com/forum/inventory-management-11, so Odoo community can help you. :) Cheers!
you register your bill separately the same way you register all your expense bills. And the Landed Cost option will appear as well when you register the bill. You pair it with your products purchase receipt document the same way it is shown in the video
Hi, Not always i will pay to the vendor the transport invoice, in some cases i will have another expenses with multiples invoices - how can make a relation with this documents ?
@@orlandocurieles No problem. You just create a vendor Bill from your Supplier with a product called "shipping expenses". You don't mark them as landed costs. If you want to associate them to this transfer without it impacting your valuation, you just type the PO reference on the reference field of the invoice. At the end this won't impact you valuation but it will impact you accountability, which i believe is what your looking for right?
When I tried to Validate the landed cost. It showed "Account False does not allow reconciliation. First change the configuration of this account to allow it."
There is a specific question that will be clarified with an example: I use the average cost accounting method in Odoo. I have a product called "Mobile Phone." I bought 1 piece for 100 Riyals. Currently, the general cost of the product is 100 Riyals. If I buy another piece of the Mobile Phone for, let's say, 200 Riyals. Currently, the average cost of the product is 150 Riyals. So far, there is no problem. The problem arises if I buy a piece for 100 Riyals and then sell it (with a cost entry of 100 Riyals). Now, if I buy another piece for 200 Riyals, What will Odoo do in this case? Will it calculate the general cost as 150 Riyals, considering the quantity of the sold products, or will it set the cost as 200 Riyals because there is no second quantity to average the cost with? I believe that the correct approach is for Odoo to set the cost as 200 Riyals because the actual total cost for all quantities is 300 Riyals. I sold a product at a cost of 100 Riyals, and the cost of the second product is 200 Riyals. Please clarify whether Odoo follows the first or the second approach. Odoo version: 14 Community Edition.
Here one mistake you have done. You didn't mention that when you do purchase and have some extra expenses like transport, loading/unloading or custom charges, then you have to deal with two vendors i.e., Vendor # 1 for purchase of materials and Vendor # 2 for paying off their services fee. So, please, show a complete work flow for a transaction like this. It is because many audience will make a big mistake while going through such process. They will not take account for the other vendor who provided such services to compute landed cost. So, I think, give a complete lesson and show how this whole process going to an end.
This is not enough explaination Sometimes we receive one shipment that a truck load from two vendors and two po I think I have to see more videos to see if it's possible with odoo
We are now at Odoo 16 and this seems to be a pretty important video. Maybe its time to do a new one up to date so we don't have to chase the changes through comments.
Also, what is we have 4 different expenses affecting landed cost. Exchange Rate, Duty Rate, Transport Fees, Brokerage Fees. Can we do all 4 (or 3 if exchange rate is handled separately) in a single transaction. Also, when we view landed cost in inventory, can see what amount was for what portion?
Does this impact the cost when you go to the product in product variants?
When configuring a product as a landed cost, and you want to tick the "Is a Landed Cost" flag, you find it in the Purchase tab now. Seems to have moved there.
Hello!
Exactly, Bettina. As we are (also) constantly working on improving the user experience, you might encounter some differences.
Thank you for pointing that out! :)
Cheers!
Yea... landed cost flag moved to purchase tab in odoo14
@@nazarudinsantoso7176 landed cost flag where is it? I don't find it!
While a separate product/service like transport is being created in this case and then a 150$ amount is entered manually while accounting for landed cost. What when I receive an invoice directly from the freight forwarding company? Can I link that sub invoice to the parent product invoice and then calculate the landed cost?
Hello, This is not possible yet, but will be in v14 which will be launched on September 30th.
@@Odoo I have the same question as above, the $150 is charged from a Freight Forwarder and understand V.14 will have this functionality. However, how would you recommend I do it for now? Journal Entry, because I will have a $150 expense bill from freight...would a Journal entry take it out of freight expense and put it into the inventory evaluation?
@@Odoo Is this included in the launched v14? I can't seem to find this feature
@@driesvw1071 Looking for the same thing...this was a selling point, but so far is not working the way it was anticipated. We need to be able to accrue landed costs for items not yet received as well as from various vendors, not just the supplier of the product to which we are applying add'l costs.
how does the valuation effect cogs when sold before the landed costs are inputed?
Did u find the answer?
@@SyedUsman sadly no
Will the cost price of the product be adjusted?
In odoo 10 it is not possible to apply landed cost for product have AVCO costing methode, is it possible to set the landed cost with costing method Average Cost (AVCO)?
Hello!
We would like to invite you to post your questions on our forum: www.odoo.com/forum/inventory-management-11, so Odoo community can help you. :)
Cheers!
I import and it’s not same vendor bill coz my transportation and clearing of goods handled by another logistics company. How do we integrate that ?
Same question here
you register your bill separately the same way you register all your expense bills. And the Landed Cost option will appear as well when you register the bill. You pair it with your products purchase receipt document the same way it is shown in the video
Landed cost's purpose is to affective the direct cost of a product? am i right?
how to activate landed cost feature??
Its should show the old cost and the new one by unit in some place.
Hi, Not always i will pay to the vendor the transport invoice, in some cases i will have another expenses with multiples invoices - how can make a relation with this documents ?
Did u get the answer?
@@SyedUsman nop
You can make a vendor bill with these expenses and configured to the right accounts when the case is needed.
@@moralex6505 but this expenses are not part of the cost of the product
@@orlandocurieles No problem. You just create a vendor Bill from your Supplier with a product called "shipping expenses". You don't mark them as landed costs. If you want to associate them to this transfer without it impacting your valuation, you just type the PO reference on the reference field of the invoice. At the end this won't impact you valuation but it will impact you accountability, which i believe is what your looking for right?
Please turn on subtitles
Valuation button does' not show?
When I tried to Validate the landed cost. It showed "Account False does not allow reconciliation. First change the configuration of this account to allow it."
Can download as Excel to do costings?
What if the Product purchased has different vendor than the shipping company. How to pay it separately and still align the landed cost
There is a specific question that will be clarified with an example:
I use the average cost accounting method in Odoo.
I have a product called "Mobile Phone."
I bought 1 piece for 100 Riyals.
Currently, the general cost of the product is 100 Riyals.
If I buy another piece of the Mobile Phone for, let's say, 200 Riyals.
Currently, the average cost of the product is 150 Riyals.
So far, there is no problem.
The problem arises if I buy a piece for 100 Riyals and then sell it (with a cost entry of 100 Riyals). Now, if I buy another piece for 200 Riyals,
What will Odoo do in this case? Will it calculate the general cost as 150 Riyals, considering the quantity of the sold products, or will it set the cost as 200 Riyals because there is no second quantity to average the cost with?
I believe that the correct approach is for Odoo to set the cost as 200 Riyals because the actual total cost for all quantities is 300 Riyals.
I sold a product at a cost of 100 Riyals, and the cost of the second product is 200 Riyals.
Please clarify whether Odoo follows the first or the second approach.
Odoo version: 14
Community Edition.
There is a problem in the subtitle.
Kindly activate the subtitles
Here one mistake you have done. You didn't mention that when you do purchase and have some extra expenses like transport, loading/unloading or custom charges, then you have to deal with two vendors i.e., Vendor # 1 for purchase of materials and Vendor # 2 for paying off their services fee. So, please, show a complete work flow for a transaction like this. It is because many audience will make a big mistake while going through such process. They will not take account for the other vendor who provided such services to compute landed cost. So, I think, give a complete lesson and show how this whole process going to an end.
I'm also finding the way to do this in Odoo 16
English subtitle is not working well; Dutch v.s. English !!
the subtitles?
Very cimplicated and not straitforward process.
This is not enough explaination
Sometimes we receive one shipment that a truck load from two vendors and two po
I think I have to see more videos to see if it's possible with odoo
I think this is where the WH/IN comes in
Please turn on subtitles