Avoid undervaluing your stock in Jim2 ERP

Link third party expenses such as freight and customs charges to reflect the true cost of stock in your business.

We call this landed costs, where you can link an expense order for these additional costs to a purchase order. Jim2 will proportion the additional costs either by value, quantity or weight.

This is the true COG (Cost of Good meaning cost + expenses) as opposed to the Cost (cost from supplier) and therefore calculates the true margin for various selling price calculation methods, stock valuation and profit reporting.

Check out how to enter expenses in our quick video.

Learn more at Jim2 Online Help