Glossary
Landed cost
Landed cost is the price of the goods plus everything paid to get them into your store, such as freight, customs and insurance.
What it means for a shop owner
Without it the margin looks larger than it is and you may price at a loss. Spread the charges over the items by value or weight. Use it instead of the invoice price alone when pricing.
A worked example
Goods cost 1,000, freight 80 and customs 120. Landed cost is 1,200, so with 400 pieces each costs 3.
Related
Try it in your shop, free, no card.
The free plan: the whole shop for one branch, an offline cashier with stock, debts and accounting, with a daily limit on invoices, expenses and purchase orders. What it includes