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Carol S1
Level 2

Inventory

When setting up inventory items, is there a way for quickbooks to automatically allocate a percentage of the cost entered to freight expenses?

2 Comments 2
MariaSoledadG
QuickBooks Team

Inventory

Let me guide you on how you can allocate the percentage of the cost entered into freight expense, Carol. 

 

For now, QuickBooks Desktop doesn't automatically allocate the cost to freight expenses. As a workaround, you can set up an item for the freight expense. To do so, follow the steps outlined below: 

 

  1. Go to the List menu, and then select Item List.
  2. At the bottom part, click the Item drop-down arrow, and choose New.
  3. Under Type, select Other Charge.
  4. Provide a name under the Item Name/Number.
  5. Fill in the Amount and Account.
    expense entry.PNGexpense 1.PNG
  6. Click OK.

 

Once done, you can manually add this newly created item to your transactions. This will automatically deduct the amount.

 

Moreover, QuickBooks allows you to customize reports to add or remove specific information needed for your business. You can read this article for more details: Customize Reports in QuickBooks Desktop.

 

Reply to your comment below if you have any other concerns about inventory. I'd be happy to help.

4Gal
Level 10

Inventory

@Carol S1 

You need to have a 3rd party inventory management app with the lancing cost feature.

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