Tag Archives: inventory

Apply Inventory Prepayments to Bills

Here is a video showing how to create and apply an inventory prepayment:

Read More

Build Inventory Assembly Item in QuickBooks Desktop Enterprise

If you have to purchase and track the actual part items used later on for building your final inventory to sell, then here are basic instructions to construct inventory builds in QuickBooks Desktop: Note: this is not for Group type of items. First, to build a basic part inventory (sub) item (note: some item fields

Read More

Inventory Adjustments Advice

Periodically, you will have to post manual inventory adjustments in your bookkeeping platform to ensure you have the correct and up-to-date stock statuses and inventory values on hand. Manual inventory adjustments (corrections) can occur for a variety of reason. However, the main goal is to ensure your company financials are reporting accurate information. Balance Sheet

Read More

Create and then Apply Inventory Prepayments in QuickBooks Desktop

If you are having to submit pre-payments for inventory on order (and thus not received yet), then you will need to deduct these prepayments upon receipt of the inventory and corresponding vendor bill. First let’s create the prepayment: Create a new other current asset type of account called “Prepayments on Inventory” (or something like this)

Read More

How to Create an Inventory Quantity Adjustment in QuickBooks Desktop Enterprise

Note: This is assuming your inventory/purchase orders function is active in QuickBooks and you already have an inventory list created with quantities that need to be manually adjusted, perhaps due to a physical count of the inventory. Go to your inventory list in QuickBooks List>Item List Scroll to find the inventory type item that you

Read More

Creating an Inventory Part Item in QuickBooks Online

Here is a video showing how to create inventory parts in QuickBooks Online:

Read More

How to Create an Inventory Part Item in QuickBooks Online

Note: Be sure that your inventory function is active in QuickBooks Online. Go to Gear Icon>Account and Settings>Sales tab>Products and services area>Checkmark the following at the minimum: Show Product/Service column on sales forms Track quantity and price/rate Track inventory quantity on hand Click Save then click Done. Go to Gear Icon> Lists menu>Products and services.

Read More

Creating an Inventory Part Item in QuickBooks Desktop

Here is a video showing how to create inventory parts in QuickBooks Desktop:  

Read More

How to Create an Inventory Part Item in QuickBooks Desktop

Note: Be sure that your inventory/purchase orders function is active in QuickBooks. Go to Edit>Preferences>Items & Inventory>Company Preferences Tab Go to Lists menu>Item List Click at New at the bottom (within the Item menu ) or simply hit Ctrl+ on your keyboard. Choose Inventory Part under Type of item Note: Inventory Assembly items are not

Read More

Consulting Inventory Management in QuickBooks

Margaret, a pet food manufacturer/guarantor client of mine has her products delivered to distributors across the country. She needed some inventory management consulting and thus hired AccuraBooks for this. Margaret uses the QuickBooks Enterprise Desktop software for all here company’s bookkeeping, and they were interested in activating the QuickBooks Advanced Inventory Module (also known as

Read More