Landed Costs for a true value of your stock

Landed costs are the additional costs incurred in getting goods you purchase from your supplier to your premises. The total cost of a landed shipment includes the purchase price of the goods, freight costs, insurance and costs such as custom duties and other taxes that may be levied on a shipment.

Now in Opera 3 you can define landed cost elements and assign them to stock items. If a stock item is subject to landed costs, when a stock receipt is posted, both its purchase price and the landed cost are used to record the total cost of that receipt. This applies to all types of stock: FIFO, Non FIFO, batch and serial traceable.

Knowing both the purchase price and the landed costs of stock is critical in understanding the true value of your stock. You can price goods with a full understanding of the charges associated with bringing them into your business.

Retrospective Reporting: Run Debtors and Creditors reports as at a date in the past

Retrospective Aged Debtors and Creditors Reporting allows you to draw on your historical data so that you can re-run your Debtors and Creditors reports as they would have been at a date in the past, which is particularly useful for auditing purposes at period-end or year-end.

Repeat Invoicing in the Scheduler

There's more functionality in Opera 3 (1.30) including Repeat Invoices for the Scheduler. This will allow a batch of repeat invoices to be scheduled to run unattended at a time that suits the business.

There are also a number of enhancements to the Stocktake application to increase processing speed even more.