How to Calculate Landed Cost

Financial

Landed Costs are used to define the true actual cost to bring goods into inventory.  This is generally considered a more meaningful value when calculating profitability on sales than using just the FOB cost or the cost paid the supplier. Calculating Landed costs is of extreme importance to a company importing and distributing goods because […]

How Landed Costs are Calculated in VISCO

Financial

VISCO is often used in tandem with an integrated accounting software like Quickbooks or Great Plains. VISCO itself does not track or store payment information, or link to bank accounts.  The value of entering costs in VISCO is that the system allows companies to get accurate landed cost data on each lot or shipment that […]

Customer Relationship Management in VISCO

Many of our customers come from using spreadsheets to manage their customer data, promotions, samples, specification requests, quotes and then the follow up of each. In VISCO we have created a module for CRM, so that everything is in one place, visible to everyone with permissions within the company and trackable. VISCO CRM has 3 […]

The Power of Using Accruals to Estimate Landed Costs

business

Accruals in Visco are an estimated cost, usually applied to a Purchase Order, Container or Bill of Lading, that acts as a place holder for costs that will be applied once an invoice is received from a vendor. Something like a Storage Charge can be applied as a line item on a Purchase Order. Or […]

How to Calculate Landed Costs

Calculator

Some customers come to us asking how we can help them have a better idea of what items are going to end up costing once landed when not only the cost of materials are considered, but also other miscellaneous charges such as freight, drayage, warehousing, etc. will impact the total cost of an item. A landed […]

CRM tools for Global Trade

website

Many times customers come to us looking for a software that will help them manage orders, logistics and finances. But some customers also want a way of managing opportunities they might have to engage new customers or track conversations or deals with vendors. VISCO can help you keep turn more interactions into actual profitable contracts. […]

The components of landed cost

Financial

  The landed cost is a term used by importers to calculate the real cost to bring a product to their door.  This is a more accurate view of the cost of a product then just looking at the cost you pay a supplier to buy product from them.  How the landed cost is calculated […]

Simple CRM software for import/export and distribution business

Business growth chart

The challenge for most small businesses considering implementing CRM software is getting people to actually use it. If sales people feel like they are wasting their time by typing their activities into a computer then they will quickly give up and move on to activities that make them money. We have found the solution to […]

Getting Started Guide for new employees

manual

When our implementation manager, Chad Mallozzi, join our team we trained him on how to use the system.  As he went through our training, he took really good notes which he modified into a guide that can be used for any new employee who will be working with the system. I thought it would be […]

How to Calculate Landed Costs

Companies that import and distribute goods have more to consider in their Cost of Goods Sold calculation than just the cost of the material itself.  Typical Landed cost calculations will include Material Cost Duty Ocean Freight Drayage Customs Broker Fees Port Exam Fees Commissions Some companies will also include warehouse costs in the landed cost […]