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userlisa-cook
Level 1

How do I add cost from multiple vendors to one item to get a cost for inventory? I have cost of the item, fedex & customs. Don't think bundles is solution

This will be a component of a bundle but I want an accurate cost of just this piece. With the 3 components for 1 item, I need to be able to quickly see my costs and be able to compare vendors.
3 Comments 3
Kurt_M
Moderator

How do I add cost from multiple vendors to one item to get a cost for inventory? I have cost of the item, fedex & customs. Don't think bundles is solution

Hello there, @userlisa. I'll share some details about adding costs from multiple vendors to one item to get the total cost of the inventory in QuickBooks Online (QBO).

 

Before anything else, I can see how having this option saves you a lot of time managing the costs of the item in your company. As I've carefully checked here on my resources, please know that the feature you're trying to access in QBO is unavailable.Here in QBO, we have the Bundle option to group multiple products or services. This feature saves you from selecting them one by one when doing invoices or receipts. With this option, you can also see the total amount of the bundle, and you may use it as a price determiner for the item your business offers to the customers.

 

But since the option doesn't suit your business needs, you can consider using a third-party app to handle this situation and efficiently manage the tasks in your company. Feel free to visit our QuickBooks Online App Store: https://quickbooks.intuit.com/app/apps/home/

 

I'd also appreciate it if you can send a feature request to our Product Development Team. This way, they'll see your feedback and consider adding it in the next product update. Here's how:

 

  1. Access your QuickBooks Online company.
  2. On the top-right corner, click the Gear icon.
  3. Under Profile column, select Feedback.
  4. Add a brief description of the concern, and then one done. Click Save.

 

In addition, I've got you this article to help you keep track of your sales item in QBO: Turn on class tracking in QuickBooks Online.

 

You can also check this page to learn visit this page to learn how you can handle your sales and inventory status: Use reports to see your sales and inventory status.

 

Don't hesitate to click the Reply button below. I'll make sure to get back to your right away. Take care, and have a nice day! 

userlisa-cook
Level 1

How do I add cost from multiple vendors to one item to get a cost for inventory? I have cost of the item, fedex & customs. Don't think bundles is solution

Thank you for your reply. I already utilize class and bundles. But, I am looking to add costs to one component of a bundle. The cost of the component would change based on shipping and customs.  How do I add 3 costs to 1 particular piece of a bundle? I will then add this component to the bundle. 

 

It sounds like I am not able to do this efficiently.

MaryLandT
Moderator

How do I add cost from multiple vendors to one item to get a cost for inventory? I have cost of the item, fedex & customs. Don't think bundles is solution

You can only assign 1 cost per product or service in QuickBooks, userlisa-cook. Therefore, adding 3 costs isn't an option.

 

Right now, you'll need to manually edit the item, enter a new cost, and assign it to a different vendor.

 

On the other hand, a specific report I can suggest is Product/Service List. It lists all your products and services, along with their price, cost, and quantity on hand (inventory).

 

I'll place this article here for your future reference: Change product and service item types in QuickBooks Online. In case you'd like to edit the type of product or service you have on your QBO company. It also has steps on how you can adjust inventory items. 

 

Please don't hesitate to reach out to me by leaving a comment below. The Community and I are here to help. Take care and be safe.

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