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RKN
Level 2
posted
‎February 09, 2020 07:40 PM
last updated ‎October 05, 2020 9:09 PM

Value of Inventory after Landed Cost?

I'm using the online "sample" company to play around with landed costs.  I've been able to set up the accounts, items and also assign the landed cost to the inventory invoice and it seems to be working fabulously.  I'm wondering what happens behind the scenes though because  I ran an Inventory Valuation Detail Report both before and after assigning the freight cost to the inventory invoice but I don't see a change in the cost of the inventory on the report.  Am I incorrect in thinking that adding the freight cost to the cost of then inventory would change the cost on reports?  Am I just running the wrong report to see this change?

 

I've attached a spreadsheet of the Inventor Valuation Detail reports with pre- and post landed cost postings.

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1 Comment 1
RenjolynC
QuickBooks Team
QuickBooks Team
‎February 09, 2020 10:08 PM

Value of Inventory after Landed Cost?

Hello there, RKN.

 

You are running the correct report. Just make sure to determine on how much freight cost will be allocated in each product type.

 

I'd also recommend contacting our Customer Care Team for more information about Advance Inventory.

 

Here are the steps:

 

  1. Click Help located at the top.
  2. Choose QuickBooks Desktop Help.
  3. Enter a brief description of your issue and click Continue.
  4. You can choose Message an Agent or Talk to a Specialist.

 

I'm adding these articles for reference:

If there's anything else you need, feel free to comment on this thread. Thanks.

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