Landed cost vs. carrying cost: the true cost of inventory | Grow Your Business with Hector Garcia

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If your business ships physical products, determining landed costs and carrying costs is essential for informing your pricing strategy and protecting your cash flow.
In this video, you’ll learn all about landed cost and carrying cost - what they are, how to make informed business decisions regarding your inventory, how to calculate landed cost and carrying cost, and how to improve profit margin.
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0:00 - Introduction
0:44 - Effective inventory management
1:25 - Understanding carrying costs
2:23 - The cons of carrying costs
2:53 - Understanding landed costs
3:52 - FIFO vs. LIFO
4:58 - Landed cost module in QuickBooks Desktop Enterprise
5:40 - Summary/Outro
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Watch more how to videos from the Grow your business series: intuit.me/3eVdZHP

[@Kevin-om9pr]

Has anyone figured out if you can add and allocate a "landed cost" on the same receiving bill from our supplier? The majority of our significant incoming shipping costs we need to account for are prepaid and added to the invoice we get from our supplier. Do we have to create a second "-A" invoice for the same supplier just for the incoming shipping costs to make this work?

[@mohamedfahad9729]

How to allocated to the landed cost for each items ?