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Florina
Level 2

How is landed cost feature used when entering a bill where freight is reflected on the same bill

QB Enterprise 2020 / Landed cost was set up - this feature works great however how is this feature being used when the freight is on the same bill?

Freight is not allocated to each line item, rather it is a lump sum on the same bill.

3 Comments 3
ZackE
Moderator

How is landed cost feature used when entering a bill where freight is reflected on the same bill

Thanks for reaching out to the Community, Florina.
 

Once you've set up landed cost, it can be seen for any bill you add inventory and shipping items to. This helps in tracking your product costs more accurately and can factor in things like shipping, insurance, custom duties, and miscellaneous items.
 

Here's how it's used:
1. Go to Inventory, then Calculate landed cost.
2. Click Add bill.
3. Choose a bill that contains inventory items you'd like to calculate.
4. Hit Add bill.
5. In your Shipping and handling costs section, press Add bills and pick the relevant ones.
6. Click Add bill.
7. Use the Split by ▼ drop-down menu to split shipping and handling costs between inventory and assembly items by quantity, amount, percentage, or manually.
8. Select Post to bill.
 

I've included a couple resources where you'll be able to find more information about our landed cost feature:

 

If there's anything else I can help with, please feel more than welcome to post a reply. Have a fantastic day!

Florina
Level 2

How is landed cost feature used when entering a bill where freight is reflected on the same bill

Thank you for your answer, however there is no additional bill to add for the shipping as the shipping cost is reflected on the same bill. 

My question again is: 

How do you use the landed cost feature if the shipping cost is on the same bill as the items. 

We receive one bill from the supplier,  after listing items /qty cost, there is one line for total freight.(on the same bill). So question is how do you use the landed cost feature in such case?

 

 

Thank you

Candice C
QuickBooks Team

How is landed cost feature used when entering a bill where freight is reflected on the same bill

Good Morning, @Florina

 

Thanks for reaching back out to the Community. The best way to use and calculate the landed cost feature is by doing the steps my colleague provided above. Since these steps don't help, then I recommend reviewing this article about the landed cost feature. 

 

I also suggest consulting with your accountant to ensure that the landed cost was set up correctly in your account. If you don't have an accountant, check out this link to find one near you. 

 

Let me know how it goes. I'm only a post away if you need any more help. Have a great day!

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