@TaxDetective wrote:
Whoa, when I first logged in I didn't get the entire thread. What puzzles me about these answers is that shipping costs aren't always paid to the vendor from whom the goods are purchased. So the recommendation that you go in and edit the original Bill doesn't make sense on two fronts, one it's not the same vendor and two, if the dates on the bills are different, and in fact there are two different bills even if from the same vendor, why would you edit one to add the second? I'm totally confused.
In QBDT we had a way to add an estimate of the labour or other costs to the COGs in order to record additional costs, but I don't see a way to do that in QBO. Maybe I'm missing something?
Different situation from what was originally asked - you are asking about landed costs.
1. receive the items as you usually would
2. as each additional bill comes in (shipping, customs, storage, etc)
2a. pay the bill using a clearing expense account
2b. edit the original bill, in the item part increase the total of each item by a portion of the new bill
2c. then in the account part select the clearing expense account and enter that amount as a negative number
2d. insure the total of the original bill has not changed and save, click through any warnings about payments being applied
items now have an increased cost, the clearing expense account is zero balance, each bill is paid on the date appropriate to the bill
if any items were sold in between bills, QB will make adjustments to the COGS and inventory asset account, those adjustments will show as bill when you drill down on the COGS account
