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dpic44
Level 4

Track landed cost with different shipping and supplier vendors, when not tracking inventory in QBO

Hi all,

 

I have a client that tracks inventory outside of QuickBooks.  When they order inventory in QBO they do not know the shipping costs until later, and that is billed from the shipping company and not the supplier. 

 

My question is how do I link the two to keep track of the landed cost?  They want to know what their landed cost is before they quote pricing to a client.  I enabled projects for them, but that is on the client side.  And that doesn't happen until later.

 

Thank you for your help!

2 Comments 2
AnaRose_Q
QuickBooks Team

Track landed cost with different shipping and supplier vendors, when not tracking inventory in QBO

Let me give some information about track landed costs with different shipping and supplier vendors, dpic44. I'm always here to support you in any way I can.

 

Here's how:

 

1. Create an account for landed cost in the Chart of accounts.

2. Track the inventory and landed cost via Bill transaction.

3. Under category details create an account on landed cost recorded as an expense and add the created account without amount.

4. On the item details section choose the inventory that you order.

5. Once you already know the amount of landed cost edit the Bill transaction and enter the amount in the category details section.

 

For additional details about adding an account, you may visit this link: Add an account to your chart of accounts in QuickBooks Online.

 

Moreover, check out this as a reference for a complete picture of your income and expenses: Enter and manage bills and bill payments in QuickBooks Online.

 

Just keep me posted for further guidance on tracking inventory cost, don't hesitate to get back on this thread. Stay safe.

dpic44
Level 4

Track landed cost with different shipping and supplier vendors, when not tracking inventory in QBO

Thank you!  I'll see if it will work for them.

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