Set up additional (landing) cost categories
Overview
Find out how to set up new categories of additional (landing) costs.
An additional landing cost (or additional cost) is an additional cost of purchasing a good, such as customs or freight fees.
Additional costs are included in your final landed costs and must be synced to your accounting software, where they debit your current asset account for inventory and credit an expense account.
In your Xero or QuickBooks Online integration, you can create categories of additional costs, so that when you sync additional costs to your accounting software, they credit specific expense accounts. All additional costs debit your inventory.
Log in to Cin7 Omni.
From the Accounting menu in the navigation, open your Xero or QuickBooks Online integration.
Open Settings.
Open the Settings tab.
-
Under Landed Cost Accounts (Xero) or Landed Cost Expense Accounts (QuickBooks Online), select Add Landed Cost Row, and, for the new row,
give it an Account Name (you’ll see and select this name when applying additional costs to purchase orders and branch transfers) and
set Account Code to the expense account to credit for these additional costs.
Select Save Settings.
Now you can add additional costs to this category when adding additional costs to purchase orders and branch transfers.