Chapter 604 Tariff Landed Cost (TLC)
Tariff Landed Cost may help you see rising costs due to tariffs for items in inventory.
Use the Landed Cost functions, plugging in the tariff amount. Enable the Landed Cost tab, calling it TLC, to see the effect of Tariffs on your Quotes, Orders, and Invoices.
Use Update on the Items to change Landed Percentage, Update Costs by calculation, and expect new Costs of Components entered on PO's to update sold Built items, too.
TLC Landed Label
Landed Label lets you name the 2nd Profit tab to will show on Quote, Order, Invoice. The original Profit tab remains with Inventory Cost. The new tab with Landed Cost.
The dropdown menu lets you choose LC, Lnd, or initials, gleaned from Company card. For this exercise, TLC is used. Every column uses this label for clarity when viewing.
TLC Landed Profit
Landed Profit lets you turn on a 2nd Profit tab on Quote, Order, Invoice, with Landed. This lets you see Profit using Landed Cost inflated by Tariff percentages, hence TLC.
Go to Item Prefs and click Landed Profit to show this tab, but first set its Label and decide if you want Built items to have their Landed Cost update by their components.
TLC Landed Built
Landed Built lets you set Component to update Built item Landed Cost automatically. This changes Landed Cost on Built items to sum of Components, not Landed Percent.
Changing this setting requires a restart of your BigBusiness Server software to update. With this setting, entering a new cost on a PO will updates cost for its built items, too.
This will give you visibility on the TLC Tab on Quote, Order, Invoice for Built Items.
TLC Tab
TLC Tab shows Profit using Landed Cost, which is automatically updated throughout.
As pictured, Fruit Collection has a cost of $6.99 and an updated Landed Cost of $7.29. The additional $0.30 is calculated by 10% added to the $3.00 container it is built with.
The following entries in this Chapter show setting the Landed Cost % for the container and the automatic result when its cost is changed from $2 to $3 on the Purchase Order.
TLC Components
Show Components from the Item card lets you pull up components for any built item.
In the Items search showing the components you can then +Add columns for Landed. This lets you see which items have a Landed Cost % assigned, in this case, a Decanter.
Glass Decanter is assigned a 10% Landed Cost percentage that is applied to its Landed Cost when changed, and to Landed Cost of all items built from it when its does change.
TLC Update Percent
Update on the Items search lets you set a Landed Cost % for found and selected items.
In this example, we looked at All Items and clicked on the Glass Decanter to add 10%. Clicking Update shows the Change dialog to update 1 selected item's, Landed Cost %.
TLC Update Cost
Update Cost lets you recalculate costs if you have made system changes such as to use Landed Built costs and apply these changes in advance of your new automatic changes.
TLC Update Item
Update Item lets you change the cost of an item when changing its cost on a purchase.
If you say, Yes, to update the cost of the item, in this example changing from $2 to $3, this will change the Glass Decanter item, which will changed its Landed Cost to $3.30.
In turn, the Landed Built function will change the Landed Cost of Fruit Collection to include the $0.30, the 10% tariff for Glass Decanter, to show $7.29 on TLC Profit tab.