The Landed Costs feature was first released in 2020 within QuickBooks Enterprise v20. The Landed Costs feature automates the process of allowing users to add the costs of shipping, freight, tariffs, import duties, insurance, and other miscellaneous costs into their actual item costs to provide them greater visibility into true product costs.
Users must turn-on the Advanced Inventory Landed Cost preference before setting-up Landed Costs. From the QuickBooks Enterprise File menu, select Edit, then choose Preferences, now select Items & Inventory, then choose the Company Preferences tab, then click on Advanced Inventory Settings, and then select the Landed Cost tab.
QuickBooks Enterprise v21 gives users more control and flexibility over how they calculate and share landed costs. They now can select either an Other Current Assets account-type for use by the Landed Cost feature (as was originally released in v20) or select a Cost of Goods Sold account-type (new for 2021).
Feature Availability: At the time of initial release, the Advanced Inventory Landed Cost feature is scheduled only for QuickBooks Desktop Enterprise v21 Platinum and Diamond subscription customers. The Landed Cost feature was rolled-out first to the United States and then to Canada during 2020, this enhancement for 2021 is being released similarly.
The Alternate Vendor feature was also released in 2020 as part of QuickBooks Enterprise v20 to significantly enhance the ability of inventory-centric businesses to make better purchasing decisions and improve profitability. This feature allows users to associate up to four (4) Alternate Vendors with each of their items, and also assign unique vendor part numbers, costs, and lead times to each vendor for each of their items. All of this is intended to give QuickBooks Enterprise Advanced Inventory users more choice in their buying decisions.
Some users of the Alternate Vendor feature indicated that they needed enhancements to various standard inventory reports to include alternate vendor information. QuickBooks Enterprise v21 improves these various reports by including the Alternate Vendor column simply by clicking the option to Display Alternate Vendor column using standard report customization methods. You can easily add Alternate Vendors too either the Inventory Stock Status by Item or Inventory Valuation Summary reports for 2021.
Feature Availability: At the time of initial release, these improved Alternate Vendor reports are scheduled only for QuickBooks Desktop Enterprise 21.0 Platinum and Diamond subscription customers. Alternate Vendors were rolled-out to both the United States and Canada during 2020, this enhancement for 2021 is being released similarly.
Batch Delete Sales Orders (Enterprise Accountant Version Only)
Some features found for the first time as part of the 2021 QuickBooks Enterprise v21 ‘new release’ were slipstream released as part of an update to QuickBooks Enterprise v20. One such feature was Batch Delete that was part of the R7 (May 2020) update to QuickBooks Enterprise Accountant Only. This feature allows Accountant Users to batch delete unlinked sales orders in a fashion similar to batch delete for invoices, bills, and checks. To access Batch Delete from the Enterprise Accountant version, select Accountant from the main menu, then choose Batch Delete/Void Transactions.
There is a reason that this feature is found only in the Accountant Version of QuickBooks Enterprise… it is an extremely powerful tool that requires considerable professional judgment during use. While it’s designed to give accountants better management over their clients’ files, and a more efficient way to batch delete sales orders, the data removed by this tool can not be undone. Further, some data impacted by its use may have unintended consequences, so great care must be taken before batch deleting or voiding Sales Order transactions (or any other type).