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Odoo Implementation Service: A Complete Guide for Successful ERP Deployment

 Odoo Implementation Service: A Complete Guide for Successful ERP Deployment In today’s fast-paced digital economy, businesses need scalable and integrated software solutions to remain competitive. Odoo , a leading open-source ERP (Enterprise Resource Planning) system, has emerged as a game-changer for companies looking to streamline operations, enhance productivity, and drive growth. However, to unlock the full potential of Odoo, professional Odoo implementation services are crucial. This guide explores what Odoo implementation involves, its benefits, the process, and why hiring expert Odoo implementation partners is essential for success. What is Odoo? Odoo is a comprehensive open-source ERP platform that offers a wide range of business applications including CRM, Sales, Inventory, Accounting, Manufacturing, HR, and eCommerce – all integrated into one powerful solution. With over 7 million users globally, Odoo is highly customizable and scalable, making it ideal for small to ...
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Odoo Landed Cost on Average Costing | ERP System : Synconics

By using this module you will be able to use the landed cost scenario with Average Costing method


Landed cost on Average Costing


About Average Landed Costs


  • Average Landed Cost is the calculated value of your stockable products, using the Average Costing method.
    Formula: Total Costs / Total Units on Hand.

What is included in your Landed Cost?

  • The costs incurred in transporting an stockable item from the place of purchase to our premises. These might include: freight, insurance, duties, and so on. Landing costs should be included in the value of the stock; e.g. you might pay $100 to your supplier for an stockable item, but it also costs a further $50 in freight.

    How is Average Cost calculated?                 

  • The Average Cost is a costing method; it is equal to the total cost / the total stock on hand.

    

 Key Features

  • Calculate Landed cost when product Costing Method is Average Cost (AVCO).
  • Application is compatible with community as well as enterprise.
  • Calculation is calculated as per Odoo standard logic.

Configuration


Create Product Category by going to Inventory -> Configuration -> Products ->         Product Categories. Fill details like Costing Method, Inventory Valuation and Account     Stock Properties.

Inventory Valuation:

  • Costing Method : Average Cost (AVCO)
  • Inventory Valuation : Automated

    Account Stock Properties:

  • Set 'Current Assets' type of account in Stock Input Account, Stock Output Account, Stock Valuation Account and Stock Journal.
  • Set Product Category in Product to Calculate Product Cost according to average costing method.

Order Generation


Create A Purchase Order for product with category of average cost costing method.
Confirm that order and create a receipt (Picking).


Receipt Generation


Transfer Receipt (Picking) to receive product quantity and update product cost price.

Now we can see, Product Cost is updated as per Average Costing Method.


Apply Landed Cost


Create landed cost for transferred receipt (picking) and Validate it.

Product cost is updated as per average costing method after applying landed cost.


For Customization, New Development, Migration, Training of any OpenERP (Odoo) apps, you can CONTACT US on:

                                                                                                                           
Store:- https://store.synconics.com/

 

Website:- https://www.synconics.com/

 

WhatsApp:- (+91) 942-686-4274

E-mail: contact@synconics.com

Skype: synconics.technologies


                                                    


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