Landed Cost in QuickBooks Desktop Pro/Premier: allocating freight cost to inventory value
43.1 هزار بار بازدید -
9 سال پیش
-
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Note - QuickBooks Enterprise added landed cost in version 2020: Landed Inventory Cost in QuickBooks E...
Hector’s comprehensive guide to adding external costs such as freight, insurance, and/or customs duty to inventory items in QuickBooks. This makes sure your inventory valuation is correct and your profit is calculated correctly every time.
00:00:35 – Problem to solve
00:01:09 – Enter bills (step 1: create purchase order and receive inventory items as normal) (example with scenario)
00:02:35 – Step 2: Receive bill, write check, and/or credit card charges for your external costs as normal, is ok if they point to COGS for now
00:04:16 – Create invoices (issue we need to solve: COGS are currently overstated; inventory asset is understated)
00:06:13 – Solution (add the freight, shipping, and/or custom costs to each item based on the proportion cost per unit)
00:09:25 – Allocation of Landed Cost Based on Another Attribute (other example)
00:10:24 – Create purchase order (P.O)
00:10:44 – Create custom fields and enable them to use the P.O as your database of allocable factors such as weight, volume or factors
00:12:27 – Enter bills
00:12:58 – Export purchase order from QuickBooks Desktop to CSV excel file (transaction journal)
00:14:12 – CSV file (purchase order) (step by step) (using multiple factors of external costs like weight to calculate the external cost per unit, and the customs factor to calculate the accurate duty cost per inventory item)
00:18:28 – Go back to original bill and modify with csv file and match it (make sure the negative from expenses added to the positive from the items equal to the total amount due actually paid to manufacturer or inventory vendor)
00:20:05 – Inventory valuation summary
https://quickbooks.intuit.com/partner...
Note - QuickBooks Enterprise added landed cost in version 2020: Landed Inventory Cost in QuickBooks E...
Hector’s comprehensive guide to adding external costs such as freight, insurance, and/or customs duty to inventory items in QuickBooks. This makes sure your inventory valuation is correct and your profit is calculated correctly every time.
00:00:35 – Problem to solve
00:01:09 – Enter bills (step 1: create purchase order and receive inventory items as normal) (example with scenario)
00:02:35 – Step 2: Receive bill, write check, and/or credit card charges for your external costs as normal, is ok if they point to COGS for now
00:04:16 – Create invoices (issue we need to solve: COGS are currently overstated; inventory asset is understated)
00:06:13 – Solution (add the freight, shipping, and/or custom costs to each item based on the proportion cost per unit)
00:09:25 – Allocation of Landed Cost Based on Another Attribute (other example)
00:10:24 – Create purchase order (P.O)
00:10:44 – Create custom fields and enable them to use the P.O as your database of allocable factors such as weight, volume or factors
00:12:27 – Enter bills
00:12:58 – Export purchase order from QuickBooks Desktop to CSV excel file (transaction journal)
00:14:12 – CSV file (purchase order) (step by step) (using multiple factors of external costs like weight to calculate the external cost per unit, and the customs factor to calculate the accurate duty cost per inventory item)
00:18:28 – Go back to original bill and modify with csv file and match it (make sure the negative from expenses added to the positive from the items equal to the total amount due actually paid to manufacturer or inventory vendor)
00:20:05 – Inventory valuation summary
9 سال پیش
در تاریخ 1394/04/11 منتشر شده
است.
43,175
بـار بازدید شده