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Tag Archives: Inventory
Selling Inventory in QuickBooks
For your business to survive, you need to sell your products (or services) to customers. The next important task, discussed below, is how easy it is to prepare invoices for your customers in QuickBooks. First, it might be helpful for … Continue reading
How to Add an Inventory Item in QuickBooks
When you purchase or build a product, and stock it in your warehouse for future sale to your customer, you should create an inventory part, as shown here: When inventory is used, an Inventory Asset account is increased when you … Continue reading
Enabling Inventory Preferences in QuickBooks
To begin using QuickBooks to track inventory, you must first turn on the feature found in the Items & Inventory preference in QuickBooks. By default, when you create a new company data file, inventory management is not enabled. To turn … Continue reading
Purpose of Accounts vs. Items in QuickBooks
When you are creating your Cost of Goods Sold accounts, consider using summary accounts, such as material, labor, and subcontract, and letting your Item List track more detail. For example, if you are a construction company and you have expenses … Continue reading
QuickBooks and Adjusting Inventory
There is a proper way to adjust inventory in QuickBooks. Watch this short video for more details! To complete a QuickBooks inventory adjustment: Select Vendors, Inventory Activities from the menu bar Select Adjust Quantity/Value on Hand Choose the proper Adjustment … Continue reading
QuickBooks Enterprise 11.0 Advanced Inventory
Recorded webinar, demonstrating setting up and using QuickBooks Enterprise 11.0 Advanced Inventory. http://www.screencast.com/t/auP8HokwwU Learn how to use the new multiple inventory warehouse site feature. Learn about these features available in QuickBooks Enterprise 11.0 or newer. Great pricing on upgrading to … Continue reading
QuickBooks Inventory vs Non-Inventory Items
Question: I have question re inventory and non-inventory items. Why would I use a non-inventory item in QuickBooks?. Answer: The reason to use Non-Inventory vs. Inventory might include: 1. You don’t “warehouse” or store the goods, your vendor drop ships … Continue reading
QuickBooks Inventory – Startup Balances
Entering Beginning Inventory Balances Because you will often create your inventory items days or weeks before you begin actually using your QuickBooks data file, rather than entering an opening balance for the inventory item when you create the inventory list … Continue reading