Can NetSuite’s Landed Cost module integrate with procurement and financial processes?

Yes, it seamlessly integrates with NetSuite’s procurement and financial modules for consistent cost tracking.

How flexible are NetSuite’s cost allocation methods?

It supports weight, volume, quantity, or item value allocation based on business needs.

How does NetSuite help manage landed costs for international transactions?

NetSuite performs global trade oversight by tracking and allocating import duties, tariffs, currency exchange fees, customs brokerage, and international freight charges for correct financial reporting while maintaining regulatory compliance.

When should I use weight-based landed cost allocation?

Use it when heavier items increase shipping costs, like importing metals or machinery.

What is quantity-based cost allocation best suited for?

It's ideal when shipping costs are fixed per unit, like with books or small accessories.

How does NetSuite help businesses plan using estimated landed costs?

Through NetSuite, users can add shipping, customs, and taxes on purchase orders to generate better expense forecasts and avoid unexpected financial challenges.

Can NetSuite save time when handling recurring landed costs?

Using landed cost templates for frequent expenses like shipping or duties, NetSuite automates and simplifies transaction cost applications.

How are estimated and actual landed costs reconciled in NetSuite?

The estimated shipping costs, customs fees, and tax expenses in NetSuite purchase orders provide expense forecasting to prevent unexpected financial situations.

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