QuickBooks accounting software allows business owners to monitor expenses like postage or freight like a single expense account. An individual expense account provides users a good understanding of how the money of the business is spent.
Before we learn how to add freight or postage expenses into QuickBooks, we must learn what shipping charges (freight or postage) are in the simple sense.
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What are Shipping Charges?
In simple terms, shipping charges are nothing but the money that is deployed to a carrier enterprise for moving goods from one point to another as agreed. This type of freight is fixed based on the type of transportation and the actual distance between the pickup point and the final terminus.
Now let’s learn in detail how to enter freight or postage into QuickBooks.
How to Enter Freight or Postage into QuickBooks?
Before you learn how to enter freight or postage charges into QuickBooks, you need to classify shipping into QuickBooks.
How to Categorize Shipping in QuickBooks?
Here are the steps to categorize shipping in QuickBooks:
Step 1: Navigate to your QuickBooks account. Now, navigate to the Lists menu and click Item List.
Step 2: Now move on to the left side. Click Item. Now select by clicking Ctrl + N together.
Step 3: In the provided box, choose Other Charge.
Step 4: Provide a name for the specific item like Shipping or Freight.
Step 5: In the given Account field, select an account to use .
How to Enter Postage or Freight Charges in QuickBooks?
Step 1: Open your QuickBooks account and press “Enter Bills”.
Step 2: Press the option “Vendor” from the given drop-down menu and choose a name for your organization that you have accessed for your shipping purpose. In case the organization is not saved in the company file, press “Add New” and add the information for the business.
Step 3: Press “Date” and choose the day when the bill was generated. Choose the billing day which is given in the “Bill Due” segment.
Step 4: Press the foremost “Account” cell and choose the option “Postage and Delivery”.
Step 5: Add the shipping cost or freight in the first cell for “Amount” and then enter a message in the given “Memo” cell if required.
Step 6: Press the “Customer: Job” cell and choose the customer to connect with the shipping charges if you wish to monitor the particular shipping costs by the customer.
Step 7: Add extra information that you wish to add in the bull like the reference number or the bill payment terms.
Step 8: Press “Save and Close” and then save the particular bill.
How to Enter Shipping Charges into QuickBooks?
You must also be aware of how to enter shipping charges into QuickBooks. Here are the steps to enter shipping charges in QuickBooks:
Step 1: Click on Customers that are shown on the top part of the QuickBooks screen. Next, a specific drop-down will appear..
Step 2: Choose Create invoice. Now one more drop-down will appear. Select a customer name from the given list. The final screen will display an invoice template that has the customer address along with the names of the customers that are already entered.
Step 3: Click the first line of the segment of items that is on the invoice template. The last drop-down menu will have all the products name that is there in a particular list format. Choose the apt product name. Continue repeating this procedure till all the items that are sold is listed.
Step 4: Click on Inventory. Select New Item from the provided drop-down. A particular dialog box will appear. Add Shipping in the provided name field.
Step 5: Click on Type in the provided dialog box and choose Non-Inventory from the provided drop-down menu.
Step 6: Click on Save and then save the description of the particular New Item and then shut down the dialog box for New Item.
Step 7: Finally, click on the final line of the invoices and choose Shipping as the particular New Item. Add the particular Shipping Cost.
In today’s article, we have tried to cover all the points concerning freight or postage charges in QuickBooks. We have highlighted what these charges are, how they are classified, and to enter freight charges and shipping charges in QuickBooks. We have elaborated the procedure in a step-by-step method.
Still, if you are stuck anywhere or feel that you need some kind of professional guidance, you can get in touch with Dancing Numbers experts via LIVE CHAT.
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Can Shipping Charges be Viewed as Revenue?
Shipping charges that are billed to clients directly, can show revenue. The shipping rate is paid by the manufacturer, at a discounted rate.
How to Register Shipping Income in the Accounting Software QuickBooks?
You can register the delivery income charges that is acknowledged by your customer as a particular shipping expense in a specific invoice. Here are the steps to record shipping income in QuickBooks:
Step 1: Click the Gear icon that is there on the panel left side.
Step 2: Choose Amount and Settings. Now go to the Sales tab.
Step 3: Choose Sales form content and make sure the Shipping option is not switched off.
Step 4: Click Save and Done.
How to Print a Square Shipping Label?
Here are the steps to print a square shipping label:
Step 1: Go to the Items section on the given Square Dashboard and then navigate to Actions.
Step 2: Click Print Labels.
Step 3: Click the Label type along with the location.
Step 4: Choose to print labels by Category, Purchase order, Product, etc.
Step 5: Click on Print or Create Labels.
Step 6: Click Done.
How to Send an Invoice to the Customers?
Here are the steps to send an invoice to the customers:
Step 1: In your specific email, add the particular invoice as an attachment. Ensure that the invoice is not associated with the email body.
Step 2: Enter all the important data in the provided subject line.
Step 3: Ensure that you have an invoice template.
Step 4: Ensure that the invoice included everything that the client wants to know.