Tag Archives: inventory

Are You Defining Items In QuickBooks Correctly?

Create item records in QuickBooks carefully, and QuickBooks will return the favor by running useful, accurate reports.  

Clearly-defined items result in precise reports.

Clearly-defined items result in precise reports.

Obviously, you’re using QuickBooks because you buy and/or sell products and/or services. You want to know at least weekly — if not daily — what’s selling and Continue reading

QuickBooks Reports Help You Maintain Balanced Inventory Levels

Running out of products too frequently? Having to sell cheap because inventory is overloaded? Use QuickBooks’ reports.

It seems so simple in theory. Don’t overstock goods because you’ll tie up too much money and perhaps need a clearance sale to get rid of the excess. On the other hand, don’t Continue reading

How to inventory purchase of house in QuickBooks

Inventory a House in QuickBooksQ. I am trying to determine if I should use a non inventory item to track our cost to purchase and sell a house.

A. First you have to decide, whether you purchased the house for fix, rehab and flip or for rental or if it will be your primary residence.  After you have Continue reading

QuickBooks Items and Inventory: Company Preferences Part 2

Today we will be finishing our coverage of the Items and Inventory screen.  Please note thatQuickBooks Items and Inventory Part 2 we are not including the Advanced Inventory Screen in this section, we will be covering that in it’s own post. Click here if you missed part 1.

QuickBooks Items and Inventory: Company Preferences Part 1

The Items and Inventory section of the preferences section is an important part of QuickBooks. However, it is only important if you are dealing with a company that sells items. Service companies do not need to work much with this screen, QuickBooks Items and Inventory Part 1unless they are looking to turn inventory options off Continue reading

Six QuickBooks Reports to Track Inventory

QuickBooks inventory reportsIf you have a product inventory for your business, use QuickBooks to organize your inventory and track assets and costs.

The Inventory Valuation Summary report shows the current value of your inventory. Each inventory item shows the description, unit price, quantity on hand, average cost, asset value, percent of total inventory Continue reading