For a full description of the Landed Cost Module benefits, read this article (by David Simmonds)...
Landed cost module includes the ancilliary costs of shipping and handling in the cost of inventory entered into Jiwa.
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BigIdeas Pty Ltd is an Australian company selling imported goods purchased from China
Purchases from Chinese suppliers are contracted in $USD
There are 2 suppliers Woo Sun & Woo Dragon
An identical set of products is purchased from each supplier - jeans, tshirts and shoes
A shipping agent Golden Sun Shipping (with Australian Business) packs all Chinese orders into a container and ships every month to Australia (Amounts are invoice in $AUD)
Each order delivered is assessed for GST
Freight, Insurance, storage and quarantine fees are payable on each shipment and are apportioned on a cubic volume basis to stock
FX Rates are:
Month USD Rate September 0.812 October 0.784 November 0.756
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