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How to calculate landed cost in QuickBooks Enterprise Services

SOLVEDby QuickBooks2Updated over 1 year ago

See your inventory's landed cost in QuickBooks Enterprise Services.

Landed cost helps you track your product costs more accurately. You can use it to factor in things like shipping, customs duties, insurance, and miscellaneous items.

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.

Step 1: Add inventory and assembly items from a bill

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

Step 2: Add shipping and handling items to the bill

  1. From the Shipping and handling costs section, select Add bills.
  2. Select the shipping and handling bills for the inventory you’d like to calculate.
  3. Select Add bill.

Step 3: 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 manually.
  2. Select Post to bill to add the landed costs to your bill.

Step 4 (optional): Update the selling price based on landed cost

Since landed cost gives you a more accurate cost of your goods, you might want to update some of your selling prices.

  1. Select the items you’d like to update the price for.
  2. Add the new selling price, then select Update & proceed. Select Skip & proceed if you don’t need to update the price.
  3. To update the bill, select Save.

Still have questions? Find answers in our Landed cost FAQs.

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