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wsrenterprises
Level 1

How do I add cost associated with purchasing a product when receiving it? (i.e. shipping, tax, import duty etc...) I want to calculate the landed cost of my inventory.

 
4 Comments 4
JonpriL
Moderator

How do I add cost associated with purchasing a product when receiving it? (i.e. shipping, tax, import duty etc...) I want to calculate the landed cost of my inventory.

Hello there, @wsrenterprises.

 

I'm here to help share insights about adding associated costs to product purchases in QuickBooks Online.

 

As of the moment, there isn't an integrated way to add other associated costs to the product or service item purchased other than the actual cost.

 

For now, let's consider creating a new service item for every associated cost you wanted to add per product purchased. You may also need to consult your accountant for suggestions in choosing the account to use for the new service items.

 

While I am unable to determine when such a feature like this is added to the program, I recommend getting in touch and letting our product developers know about this by sending a request via feedback. I'll show you how.

 

  1. Go to the Gear icon.
  2. Under Profile, select Feedback.
  3. Describe how the option to add landed for every product purchased is helping your business in QuickBooks grow.
  4. Select Next.
  5. Click Skip and send message.

 

For now, I'm including our Customer Feedback for QuickBooks Online page to track the status of your request and get the latest updates from our developer team. Updates such as how the recent enhancement made to QBO helps our business owners, like you.

 

It'll always be my pleasure to help if you've got other questions aside from working with your products and services list in QuickBooks. Use the Reply button and leave your comment below so that I, @JonpriL, can assist you further. Take care always and stay safe!

wsrenterprises
Level 1

How do I add cost associated with purchasing a product when receiving it? (i.e. shipping, tax, import duty etc...) I want to calculate the landed cost of my inventory.

Thank you for the update.

Charies_M
Moderator

How do I add cost associated with purchasing a product when receiving it? (i.e. shipping, tax, import duty etc...) I want to calculate the landed cost of my inventory.

Hello there, wsrenterprises.

 

On behalf of my colleague, you're welcome. Just know that you can always visit the Community if you have other questions managing inventory. Have a great day ahead.

Fiat Lux - ASIA
Level 15

How do I add cost associated with purchasing a product when receiving it? (i.e. shipping, tax, import duty etc...) I want to calculate the landed cost of my inventory.

@wsrenterprises 

You need a 3rd party app to compute the landed cost to your inventory as COGS and integrate it with QBO.