Talibro Help Center

Calculate Landed Cost of Inventory Items

If you need to allocate costs to items your are receiving do the following:

Step 1

Record expenses via Write check and choose an asset account by name Landing Cost instead of expense account(s). However, it is highly suggested to fill our Memo field next to each line item, as in the screenshot below.

allocate expenses to inventory items in talibro accounting

Step 2

Provided you have unallocated Landing Cost amount, upon clicking Receive button in Purchase Orders or in Inventory Receipts, the system prompts you to allocate in a new screen as in the screenshot below:

calculate landed cost of inventory items in Talibro - Small Business Accounting Software

You can allocate costs in proportion to Amount, Quantity or split the landing cost amount manually. Or, you may choose not to allocate costs.