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QuickBooks Online Inventory Management Support @+18772499444

QuickBooks online inventory management

QuickBooks inventory tracks the cost, sales revenue, and quantity of the goods sold. QuickBooks online inventory management uses the FIFO (First In First Out) structure to manage the cost accounting.

QuickBooks inventory: Items

There are four types of items which can be traced via QuickBooks Online and they are;

Bundle: a bundle is a collection of services or products sold by your company
Services: these are the services offered by you to your customers like tax preparation services and more
Non-inventory items: these are the items that you sell or buy but there is no need to keep track of it
Inventory items: these are the items that you sell and buy and keep a track of everything

QuickBooks Online Inventory Management: Inventory Tracking

  1. Go to Gear > Account and Settings
  2. Select Sales (located on left sidebar)
  3. Tick Track quantity on hand option
  4. Save

QuickBooks Online Inventory Management: Add Inventory Items

  1. Go to Gear > select List > click Products and Services

QuickBooks Online Inventory Management: Create Inventory Items

  1. Go to Gear > select Products and Services
  2. Click New > Product/Service Information > select Inventory
  • Enter product/service name
  • Add category from the category drop-down
  • Enter product/service quantity
  • Add Asset Account from the asset account dropdown
  • Complete the fields –
  • Cost
  • Purchasing information
  • Sales rate/price
  • Sales information
  1. Go to Income Account section > select ‘Sales of Product Income’
  2. Go to Expense Account section > choose ‘Cost of Goods Sold’
  3. Save & Close

QuickBooks Inventory Scanner: How To Set Up Barcodes In QuickBooks Inventory System?

  1. Open Edits > select Preferences
  2. Go to Items and Inventory > open Company Preferences
  3. Select Advanced Inventory Settings
  4. Select Barcodes > click Enable Barcode Scanning > Open Barcode Wizard
  5. You will be asked to choose the operations you want to perform in the Barcode Wizard.
  6. You can select either a specific task or All Items and click Next
  7. Press Finish > OK

 

QuickBooks Online Inventory Features

  1. Simple integration with the accounting software
  2. On hand quantity tracking
  3. Ability to adjust and set value and quantity of the inventory
  4. Easy receipt and sales transactions
  5. Clear and simple sales, receiving and valuation reports

 

Dial QuickBooks Online Customer Support For Understanding About Tracking Inventory In QuickBooks +18772499444

For the new users, understanding the functionalities and operations of QuickBooks online inventory management software is not easy. Our team of experts possesses appropriate certifications that uphold their theoretical and practical knowledge of this accounting software. Our QuickBooks online phone support +18772499444 is available 24/7 for the users. Also, our aim is to provide feasible solutions to the QuickBooks customers and we can help you with our business concepts for the better understanding of different inventory models. We acknowledge our customers with training materials, latest QuickBooks updates, error resolution and more. If you have any query regarding QuickBooks inventory, you can reach us via our QuickBooks Online Customer Service  +18772499444.

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