Wednesday 30 September 2015

What is landed cost in Odoo?


What is landed cost ?

Basically landed cost means Product Price + Extra Price.

Ultimately, we have to calculate cost price with all extra cost(customs, duties, taxes, insurance,..) then only we able to calculate correct stock valuation.

Let's take one example for better idea,

Suppose, i have 2 iPad mini, each priced at 150/unit.

- Selling price : 300 Euro in Belgium
- Transport charge : 9 Euro
- Duty : 11 Euro

Total Landed cost : 320 Euro at receipient address.

So here for 2 iPad mini i have total cost 320 Euro.

Product Cost price       : 300
+ Landed cost(9 + 11) :  20
                                      --------
                                       320

Now, in my business how can i allocate landed cost charges, so for that we have different spiting methods(equally, by quantity,...)

equal : we want to allocate cost equally. So here iPad mini 160/unit

In Odoo :
=======

Configuration :
------------------

  • install landed cost module
  • Set Costing Method : Real Price (on product category OR generic setting)
    • Inventory Valuation : Perpetual (automated) [real]
    • Stock Input Account
    • Stock Output Account
    • Stock Valuation Account


That's it.

Full Test Case :
-------------------


  • Create one product iPad Mini (stock able type)
  • Now on product category(v9) define costing method : Real Price
    • Inventory Valuation : Periodic, Stock Input A/c(asset type), Stock Output A/c(expense type), Stock Valuation A/c(asset type).


  • Create one landed cost type product(transport charge) : product type- service, Landed Costs : True
  • Create Purchase order for "2 iPad Mini" product and complete flow(receive)
  • Create Landed cost and select above incoming picking and add cost lines(transport charges) choose split method equal
  • Click on compute to calculate "Valuation Adjustments".
  • Now simply validate


To see updated cost price of your stock :
---------------------------------------------------
 Go to Inventory > Reports > Stock Valuation and in Inventory Value you can see the updated cost price.
Here, you can see original inventory value of your business.

Tip:
Landed cost type have different split methods,

Equal : Equally allocate the landed cost to products
By Quantity : Allocate cost based on the quantity of each products
By current cost : Allocate landed cost based on current cost of each products(after multiplying qty)
                             https://drive.google.com/file/d/0B21cUNlAdZ6gTnRNVUdMblRUR0U/view?usp=drivesdk
By weight : Allocate landed cost based on weight of each products
By Volume : Allocate landed cost based on value of each products


..Thanks..

Monday 13 July 2015

Shipper integration(FedEx) Odoo


Shipper FedEx integration in Odoo
(Source from Odoo.com)

Expert Lecture by Antony :


Slide Presentation :





..Enjoy..

Thursday 9 April 2015

Odoo New "Accounting" documentation


New Odoo Accounting Doc ..

Recommend for better visibility : Odoo Accounting










..Enjoy..

Tuesday 6 January 2015

How to work with "Fiscal Position" in Odoo (foremly OpenERP) ?

How to work with "Fiscal Position" in Odoo (foremly OpenERP) ?

Why fiscal position needed ?

  • When we work in multi company/multi country/multi state environment and we have multi tax system, we need to use fiscal position.

How to configure Fiscal Position ?

  • Install Account
  • Give Technical Rights to user(suppose:Admin)
  • Go to Accounting > Configuration > Taxes > Fiscal Positions

Now suppose, on product "Computer" normally 15% sales Tax apply but as per Indian country rule sale tax applied 20% instead of 15%. So, in this case we create new

Fiscal Position like :



To Test : Create new Customer with country : India, Fiscal Position : "Sales Tax 20%"



Now, Create new Customer Invoice of above customer and add "Computer" Product in invoice line.



..Enjoy..

Thursday 18 September 2014

Odoo V8 Release

Your Ends Here....

Odoo(OpenERP) V8 released....

You can find more information here.....

Try Online(any apps) : Start..
(if you know apps name then just go : https://www.odoo.com/start/crm)
No Need to register

Official announce :
 


What is Odoo :




Release Note:


Brand Assets
(fonts,color,logos):Download



..Enjoy..