How Inventory Works in Quickbooks Desktop

How inventory works in Quickbooks Desktop. This video shows you, from start to finish, how to work with inventory in Quickbooks Desktop. There are certain steps to follow to make sure you get inventory into Quickbooks, and also certain steps to follow when you sell inventory.
If you do not follow these steps, you can either understate or overstate your inventory balances in Quickbooks. This could also overstate or understate your profits. Learn how inventory works in Quickbooks Desktop!

[@QbuniversityOrg]

Become a Member today! www.QBUniversity.org

[@downloaditnows]

Thank you very much

[@QbuniversityOrg]

You’re welcome!

[@tinak.3386]

When would i use the Expense tab on the Bill screen instead of the Item tab?

[@QbuniversityOrg]

When it’s just an expense like office supplies, gas etc. Item expense is normally associated with purchasing inventory

[@Userj.5224]

In addition to the average cost method, what other method can be configured in Quickbook desktop?

[@QbuniversityOrg]

I don’t believe there are any others. You can check in Preferences but pretty sure it’s the only one

[@sheilarenschler2454]

I sale Mary Kay and some of my inventory is for me. What do I enter that under?

[@QbuniversityOrg]

I would enter those as distributions to you and not enter as inventory

[@MSDrive-rt8yn]

when i built assembly my inventory on hand goes to format like ********

[@hss2119]

Very basic, no finished goods, just buying andselling the same hinges without making a final product. 😅 Not a good system 😭

[@QbuniversityOrg]

That should be simple in QB then. Just create the Item and use it on Invoices or Sales Orders

[@mutebipaul8149]

then quickbooks does not answer the very important inventory management questions

[@QbuniversityOrg]

Yeah it’s ok for inventory but not the best for sure