Quickbooks Online Purchase Order Tutorial

Quickbooks Online purchase order tutorial. Do you use purchase orders in your business? Are you not sure if you should be using purchase order in your business?
This Quickbooks Online purchase order tutorial walks you through everything you need to know about using purchase orders in Quickbooks Online. When they are used, why they are used, how to create them, how to convert them to invoices and how to close them out. Purchase orders are a powerful tool used in business and are a legally binding contract, so make sure to watch this Quickbooks Online purchase order tutorial and do it right each and every time!

[@QbuniversityOrg]

www.qbuniversity.org/Masterclass - discover the 4 simple steps to learn Quickbooks for good

[@sheilaschmitt383]

Absolutely love your videos. Great explanations for accounting procedures in QB. In QB desktop you can receive goods before you receive a bill, which adds the items to inventory, then when the bill comes, match it. Can this also be done in QBO? Or do you have to go directly from PO to bill? The packing slip does not have pricing. Don't want this to get paid before actual bill arrives. Please advise, Sheila

[@QbuniversityOrg]

I’m pretty sure you can not do the same thing in QuickBooks online unfortunately

[@cassiemccarthy8790]

Hey Matt, thanks for the great video. I use QBO for our non-profit. If we are purchasing supplies for our class would that be done with 'Category' as an expense of the business? Is there a way to assign multiple classes to the same item? Thanks!

[@jimnottingham2760]

Can you put a bill onto line items in an invoice to a customer?

[@farmhousefrugally]

So now I click billable and put the customer name in there and what happens to that? I buy items and sell them to my customer (just a pass through, I don't make money on it), that I am now tracking that item as "balance due" to me correctly on P&L and Income Statement so I don't mess up and put these under depreciation line item, or someplace as an asset. Where should it go? Simply as an expense and then as a revenue?

[@QbuniversityOrg]

It shows up as something to bill the customer. It depends on where you point it (which account). You can point the expense to an expense and the reimbursement from the customer as the same expense so it washes to zero or you can point it to a separate income account

[@mshieldsjr]

I understand creating a PO with a vendor to buy something, but I am sitting with a PO from my customer and want to enter it so i can invoice against (first release of 3). am I missing something? thanks!

[@QbuniversityOrg]

In this case it would be a Sales Order you enter since they are buying from you

[@MarciaKearney-jw9rl]

Our company is an investment company building 6 homes, selling them, and dissolving the company. When we buy the home material, such as lumber, is the material on the purchase order best under the category details or item detail?

[@QbuniversityOrg]

Either way is fine really, but what I would do is use a category and set up an asset account where you accumulate the costs for each property separately

[@amberjacobs1895]

Can purchase orders be used when inventory is not tracked? If so, what would that look like?

[@QbuniversityOrg]

I don’t see why not. Just do one like normal but don’t enter items

[@crystalhonea28]

Can you create a purchase from an existing estimate/quote?

[@QbuniversityOrg]

What do you mean by create a purchase?

[@albertomartin70]

Why we still don't have "Create PO" over the app option in 2023 almost 2024??????? Not even Quickbooks know how to answer that...

[@QbuniversityOrg]

No idea why

[@gigiluna7899]

First. No. Damn. Second.