View or edit the codes for item charges that you can assign to purchase and sales transactions to include any added costs, ...

View or edit the codes for item charges that you can assign to purchase and sales transactions to include any added costs, such as freight, physical handling, and insurance that you incur when purchasing or selling items. This is important to ensure correct inventory valuation. For purchases, the landed cost of a purchased item consists of the vendor's purchase price and all additional direct item charges that can be assigned to individual receipts or return shipments. For sales, knowing the cost of shipping sold items can be as vital to your company as knowing the landed cost of purchased items.