Landed Cost Tracking

Precise Cost Management with Aquilon’s Landed Cost Tracking

In an era of rising costs, meticulous cost and margin tracking is paramount. Ensuring accurate, up-to-date costs and adjusting selling prices accordingly is essential to safeguard your margin objectives.

The Landed Cost Equation

For businesses dealing with import costs, like freight and other expenses, precise cost calculation takes on new significance. The amalgamated sum of these expenses is termed the “landed cost.” Failing to factor these costs leads to inaccurate cost calculations, distorting your margins and eroding profitability.

Aquilon’s Landed Cost Tracking: Your Solution

Aquilon’s Landed Cost Tracking system offers an effective remedy. It empowers you to proactively anticipate the supplementary costs involved in transporting products to your facilities. Upon product arrival, these costs can be fine-tuned for precision before receipt. By incorporating these expenses alongside your supplier costs, the system furnishes you with accurate inventory valuations, costs, and margins.

The Ripple Effect on Financials

The impact reverberates across your financial landscape. Your accounting insights, financial reports, balance sheets, and income statements attain newfound accuracy. The system ensures that your inventory is consistently updated with precise costs, contributing to the precision of your financial records.

Customized Control

Aquilon’s Landed Cost Tracking system doesn’t impose a one-size-fits-all approach. It presents you with multiple options to calculate and manage these supplementary costs. The choice of method hinges on your unique circumstances and accounting practices.

Key Benefits

1. Accurate Margin Safeguard: Accurate landed cost calculation ensures that your margins are preserved and reflect the actual cost structure.
2. Financial Precision: Enhanced accuracy in inventory valuations contributes to more accurate balance sheets, income statements, and overall financial reporting.
3. Realistic Profit Insights: Precise cost tracking provides a clear picture of your profitability, assisting in strategic decision-making.
4. Holistic Cost Consideration: All supplementary costs, including import expenses, are meticulously integrated, leaving no cost unaccounted for.
5. Customization Flexibility: The system offers multiple calculation methods to align with your unique requirements and practices.

In summary, Aquilon’s Landed Cost Tracking system acts as your compass in the complex realm of cost management. Accounting for all supplementary costs guarantees accurate margins, financial precision, and comprehensive cost control, contributing to your business’s long-term success.