How to Set Up Landed Cost in QuickBooks Enterprise?

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How to Set Up Landed Cost in QuickBooks
Enterprise?

• QuickBooks Enterprise provides users with a
  powerful feature known as Land?d Cost, enabling
  them to efficiently manage expenses associated
  with their items. Land?d Cost encompasses various
  expenditures such as transportation costs,
  customs fees, and unforeseen charges incurred
  during the product journey. Once configured,
  Landed Cost can b? easily applied to any bill
  that includes shipping and inventory expenses. In
  this comprehensive guide, we'll walk you through
  the steps to s?t up Landed Cost in QuickBooks
  Enterprise, ensuring accurate cost tracking for
  your products.

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• Steps to Set Up Landed Cost

• Follow all the steps to set up landed Cost given
  below

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Step 1 Create the Landed Cost Account

• Begin by selecting "Edit" and then "Preferences.
  "
• From the Preferences menu, choose "Company
  Preferences" and navigate to the "Items
  Inventories" section. 
• Click on "Advanced Inventory Options." 
• Under the "Landed Costs" menu, select the option
  for setting up the Landed Cost account. 
• Click "Save and Proceed" to save your settings. 

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Step 2 Map Items to the New Landed Cost Account

• Select the appropriate shipping and handling
  options. 
• Create a list of shipping and handling
  materials. 
• Click "Save and Close" to finalize the mapping. 

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Creating New Items for Landed Cost

• To add new items for Landed Cost, create an
  "Other Charge" item type and integrate it into
  the account. 
• Choose a product from the Product List. 
• Select "Item, " then click "New. "
• Under the "Edit" menu, choose "Preferences. "
• In the "Company Preferences" section, select
  "Items and Inventory."
• Click on "Advanced Inventory Options." 
• Under the "Landed Costs" menu, select "Manage
  Landed Cost Account. "
• Click "Save and Continue. "
• Choose "Add Item" and select the item you want to
  add. 
• Finally, click "Save and Close. "

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Calculating Landed Cost

• Utilize QuickBooks Enterprise Services to
  calculate the Landed Cost. 
• After uploading a bill to QuickBooks Enterprise,
  click on "View Landed Cost" on any bill. 

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Steps for Calculating Landed Cost

• Here are some steps you need to follow to
  Calculate Landed Cost These steps are,
• Step 1 Including Inventory Assembly Items
• Step 2 Include the Cost of Shipping in the Bill
• Step 3 Calculate the Landed Cost
• Step 4 Update the Selling Price
• Lets elaborate each Steps

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Step 1 Including Inventory Assembly Items

• Select the item. 
• Decide whether to compute landing charges. 
• Click "Add bill" under "Inventory and Assembly
  Items."
• Choose the invoice listing the inventory items. 
• Select "Add a bill."

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Step 2 Include the Cost of Shipping in the Bill

• Choose the "Add invoices" option under the
  "Shipping and Handling Fees" column. 
• Use shipping and handling invoices to calculate
  the inventory. 
• Add the bill. 

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Step 3 Calculate the Landed Cost

• Click on "Split by."
• Split the shipping and handling costs between
  inventory and assembled items based on criteria
  such as amount, number, percentage, or manually. 
• Click "Post to the bill" to incorporate the
  landed costs into the statement. 

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Step 4 Update the Selling Price

• Decide on the pricing of the goods that need
  adjustment. 
• Enter a new asking price. 
• Click "Proceed and Update" to apply the new
  pricing. 
• If pricing remains the same, choose "Skip and
  Continue."
• Click "Save" to complete the process. 

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Summing Up!

• By following these steps, you can effectively set
  up Landed Cost in QuickBooks Enterprise. In case
  these solutions do not yield the desired results
  or if you encounter any difficulties, do not
  hesitate to call our experts at 1-800-761-1787.

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u/st-up-landd-cost-in-quickbooks-entrpris