Specific Identification Costing & Landed Costs
by Viindoo
| Lines of Code | 1070 |
| Technical name | viin_stock_specific_identification_landed_costs |
| License | OPL-1 |
| Website | https://viindoo.com/apps/app/17.0/viin_stock_specific_identification_landed_costs |
| Read description for | v 13.0 v 14.0 v 15.0 v 16.0 v 17.0 |
| Required Apps | Invoicing (account) Purchase (purchase) Discuss (mail) Inventory (stock) |
| Included Dependencies | Specific Identification Costing |
Specific Identification Costing & Landed Costs
Allow the allocation of costs to inventory for products configured with automatic inventory valuation and specific identification costing.
In inventory management, manually calculating the cost and allocating additional expenses for goods after receiving them can be time-consuming, especially when dealing with large quantities from diverse sources, resulting in varying purchase prices and incurred costs.
Key Features
Built natively on Odoo/Viindoo to streamline real business operations:
Allow the allocation of landed costs for products configured with automatic inventory valuation using the Specific Identification Costing method
Benefits
Automatically allocate incurred costs to the cost of goods, helping to reduce the complex calculation process, especially for products requiring management by lot or serial number.
Eliminate manual operations in calculating and allocating costs, allowing management staff to focus more on strategic tasks, thereby improving productivity and efficiency.
Product category in Viindoo
Storable Product in Viindoo
Landed cost product in Viindoo
Purchase order in Viindoo ERP
Lot/Serial number on the receipt Viindoo
Vendor bill for landed cost Viindoo
See Specific Identification Costing & Landed Costs in Action
See how this module solves real business problems in a working Viindoo environment.
Need help with Specific Identification Costing & Landed Costs?
For questions, implementation support, or consulting services, contact Viindoo.
Pre-Sales & Partnership
When contacting us, please include:
- Odoo/Viindoo version (CE/EE).
- Number of users and business scope.
- Other modules currently in use.
Technical Support
For faster troubleshooting, please provide:
- Order number or app reference.
- Odoo/Viindoo version & edition.
- Steps to reproduce the issue.
- Screenshots/logs if available.
Technical Requirement
Who Should Use This Module?
Built for teams that need this capability fully integrated into their Odoo/Viindoo stack.
Enterprises managing specialized products
Enterprises managing specialized products that require detailed cost tracking by lot or serial numbers.
Organizations sourcing from multiple suppliers, resulting in varying transportation and incidental costs.
Businesses handling high volumes of incoming inventory, particularly for high-value products or those requiring accurate and detailed cost management.
Installation
- Navigate to Apps.
- Search with keyword viin_stock_specific_identification_landed_costs.
- Press Install.
Instruction
Instruction video: Stock Specific Identification & Landed Costs
1. Configure the product category
On the product category interface, select the costing method Specific Identification, Automated Inventory Valuation and fill the suitable accounting accounts for this category.
2. Configure the products
In the system, you can create a product from different modules such as Inventory, Sales, Purchase, etc. The product should be configured as follow:
- Product type: Storable;
- Inventory Tab: Tracking by unique serial number;
Do the same steps to create a landed cost product. For example Shipping fee. On the Purchase tab, select Is a Landed Cost, default split method, and the control policy on ordered quantities.
3. Create purchase order and receive products
Navigate to Purchase > Orders > Request for Quotation, press Create to create a new request for quotation for a vendor. Select the storable products and press Confirm to change it to purchase order.
On the receipt interface, fill the serial number and press Confirm to process the receipt in the Inventory app.
4. Create vendor bill and allocate the landed cost
When receiving Vendor bills for the shipping fee, navigate to Accounting > Vendors > Vendor bills, press Create and select the product Shipping fee. Press Save to save the information.
Press Create Landed costs. The system will create a warehouse expense slip. You need to select the receipt and press Compute to calculate the landed cost of each serial number according to the configured split method.
Switch to the Valuation Adjustments tab to check the computed allocation amount. After that, press Validate to post this expense slip.
Navigate to Inventory > Reportings > Stock Valuation, the shipping costs are already added to each selected serial number of products.
Note: Do the same steps with the product tracked by lot.
This software and associated files (the "Software") may only be used (executed, modified, executed after modifications) if you have purchased a valid license from the authors, typically via Odoo Apps, or if you have received a written agreement from the authors of the Software (see the COPYRIGHT file).
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