Hi Mike_James and CloverQ
Thanks for the info.
Is this a common practice in Australia to include the landed cost in the inventory when preparing financial report?
I understand this practice is good for calculating the business margin but can be done manually.
If we have a project based for 5 years, and allocate all the expenses and income to the "Job", I think the results will be same whether or not landed cost is allocated in inventory. Now , how accurate is the Job reporting??
With exeption of preparing financial report for a particular year, if land cost is in the inventory and there's a lot of inventory, the margin will be greater.
Correct if Im wrong
Thanks
Thierry