⭐ SEO-Rich Description 

This in-depth NetSuite tutorial explains everything you need to know about Landed Costs—one of the most essential components of accurate inventory valuation and cost of goods sold (COGS). Perfect for NetSuite users, inventory managers, accountants, and supply chain professionals, this video breaks down what landed costs are, why they matter, and how to record them correctly using NetSuite’s Actuals Method.

You’ll learn how landed costs such as freight charges, import duties, shipping insurance, hazmat fees, and customs taxes impact your margins—and why excluding these costs can make your products appear profitable when they’re not. The video compares the Estimated Method vs. the Actuals Method, explaining when each should be used based on billing timing, transaction volume, and real-world workflow limitations.

The tutorial then walks through a full NetSuite demo, including:

• Creating a purchase order for an inventory item

• Processing an item receipt

• Linking a standalone freight bill to the landed cost category

• Applying landed cost amounts accurately

• Understanding cost categories and landed cost templates

• Ensuring correct COGS and inventory valuation

This video is part of a comprehensive Inventory Management Course, ideal for anyone trying to master NetSuite’s advanced costing features and improve financial accuracy in procurement, receiving, and accounting workflows.

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