What is the best way to record shipping costs for inventory purchases in QuickBooks Online?
I’m trying to clean up how we record inventory purchases in QuickBooks Online and would appreciate some advice on the correct workflow.
We purchase products from different suppliers, and the supplier invoice does not always include the full cost of getting the inventory to us. Sometimes we also pay separate shipping, freight, or import-related charges.
At the moment, we’re recording the supplier invoice and the additional shipping charges separately, but I’m not sure whether this is the best way to handle it from an accounting and inventory-cost perspective.
Should these additional costs be recorded as regular expenses, or is there a better way to make sure the total cost of the inventory is reflected accurately?
I’d also like to make sure this doesn’t create problems with the Profit and Loss or inventory valuation reports later.
What workflow do other QuickBooks Online users or accountants recommend for handling these types of inventory-related costs?
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