Getting your Shipment Costs Right
JIWA Landed Cost ERP Software streamlines the management of goods’ shipments and calculates the actual costs associated with importing.
JIWA Landed Cost incorporates import costs into inventory using many different cost allocation methods – so your costs re accurate. JIWA Landed Cost also manages additional associated charges such as; costs of duty, customs, freight, insurance, taxes, brokers’ fees and commissions.
JIWA Landed Cost is a fully integrated feature of JIWA Financials.
Consolidated Shipments
JIWA Landed Cost is shipment based and caters for a variety of workflows; from a simple one-purchase order/one-supplier scenario through to the consolidation of many purchase orders from multiple suppliers in the one shipment.
Actual Costs
JIWA Landed Cost enables actual costs to be added to the inventory value at the time of receiving goods from your supplier whilst leaving the shipment open. JIWA Landed Cost allows additions and other changes to costs to be made in the system even after your goods have been shipped out to your customers.
Unpacking Containers
Whilst unloading containers, goods may be received into stock. Each shipment can be split into many receipts of goods, allowing you to cross dock goods, part receive and ship out, without having to completely unpack prior to shipping goods out to your customers.
Ease of Use
JIWA Landed Cost forms are built with clarity and ease of use.
Record Shipment details
You can track the full shipment lifecycle. Departure date, arrival
date, receival date, waybill, vessel and container information are
all recorded. Shipment details can be viewed on the one screen.
Continued Overleaf
A C C O U N T S
F O R E V E R Y T H I N Gto your customers.
Unpacking Containers
Whilst unloading containers, goods may be received into stock.Each shipment can be split into many receipts of goods, allowing
you to cross dock goods, part receive and ship out, without having to completely unpack prior to shipping goods out to your
customers.
Ease of Use
JIWA Landed Cost forms are built with clarity and ease of use.
Record Shipment details
You can track the full shipment lifecycle. Departure date, arrival date, receival date, waybill, vessel and container information are all recorded. Shipment details can be viewed on the one screen.
Value of Taxable Imports
Timing differences and exchange rate variations create a value of imported goods upon which GST, duty and charges are calculated, which differs from the valuation that you may use several days or weeks later. This impacts the Value of Taxable Imports (VOTI) and the amount of GST you are deemed to have paid or need to pay at import.
JIWA have created a special VOTI workflow to assist you to process these GST variations. The JIWA Landed Cost – VOTI workflow allows the correct GST and purchase figures to be entered for the Business Activity Statement (BAS) at the time of entering the Landed Cost Shipment.
Matching Suppliers’ Invoices
Supplier invoicing from goods’ shipments is a one-step process in JIWA Financials. All landed costs can be added to a shipment before it is invoiced. Invoices can then be approved at the shipment’s form, which completes the shipment and invoicing process. There is no need for separate processing.
Integrates with Inventory
JIWA Landed Cost seamlessly integrates with JIWA Financials Inventory. When goods are brought in from overseas, additional costs incurred can be added to the carrying cost of inventories. Import Costs can be allocated over the received goods in five predefined ways; Cost, Quantity, Weight, Cubic or Manually. These methods are individually editable to suit your needs, so
you can achieve exactly what you want.
Integrates with Purchasing
Inventory and Software Vendors JIWA Landed Cost runs concurrently with the standard JIWA Financials Purchasing features. Only purchase orders that you need to manage with JIWA Landed Cost are handled using Landed Cost.
Audit Trails
JIWA Landed Cost keeps all transaction data for each shipment for access at any time in the future. Transaction reports are standard with the system.
Reports
The comprehensive list of reports standard with JIWA Landed Cost enables management to understand their position in relation to the shipments of goods, historical, current and future – all with accurate costing details. That’s the reason you need JIWA Financials Landed Cost.
Shipment cost detailed report
Shipment invoice by status report
Shipment cost by status report
Inventory booked in but not invoiced report
