Calculate landed costs in QuickBooks Desktop Enterprise

Learn how to calculate landed costs in QuickBooks Desktop Enterprise Platinum and Diamond with Advanced Inventory.

Landed costs help you track your product costs. Use it to factor in things like shipping, customs duties, insurance, and miscellaneous items.

Note: Landed costs aren’t designed to work with multiple currencies. If you use bills in different currencies, currency conversion won’t occur, leading to discrepancies.

Once you've set up landed cost in QuickBooks Desktop Enterprise, you can see it for any bill you add inventory and shipping items to. Here's how.

Create Inventory and Shipping and Handling Bills

1. Select Suppliers.
2. Select Enter Bills.
3. Add the inventory items to this Bill with the supplier and other details specified.
4. Select New to enter a new bill.
5. Add the Shipping and Handling other charge item to this Bill with the supplier and other details specified.
6. Create more Bills for other Shipping and Handling charges.

Add inventory and assembly items from a bill

1. Select Inventory.
2. Select Calculate Landed Cost.
3. In the Inventory and assembly items section, select Add bill.
4. Select the bill that contains the inventory items you’d like to calculate the landed cost for.
5. Select Add bill again.

Add shipping and handling items from bills

1. Select Inventory.
2. Select Calculate Landed Cost.
3. In the Shipping and handling costs section, Select Add bills.
4. Select the bills that contain the shipping and handling items for the inventory you’d like to calculate.
5. Select Add bills again.

Calculate the landed cost of the bill

1. Select the Split by ▼ dropdown. You can split shipping and handling costs between inventory and assembly items by quantity, amount, percentage, or by S&H (shipping & handling) Cost. 
2. Select Post to bill.

Note: You can manually update the selling price of your item with the in-field calculator or accept the system suggested Selling Price calculated based on your original markup and landed cost. After selecting Post to bill, select the item you want to update the price for. Enter the new price, then select Update & proceed. If you don’t wish to make changes, select Skip & proceed. Select OK when you’re done.

Landed cost FAQ.