QuickBooks Online (QBO) is good at managing and tracking inventory – as long as you’ve created thorough records. When you first started your business, you might have been able to keep track of your merchandise by counting manually. However, as you and your product list grew, this became impractical.Whether you sell products or services or […]
Anatomy of a QuickBooks Inventory Item
If you have an item-heavy business, you need QB tools to track your inventory. Activating Inventory-Tracking Before you get started creating item records and including them in transactions, you need to make sure that QuickBooks is set up to start tracking. Open the Edit menu and click Preferences. Click Items & Inventory in the left […]
Tracking Products and Services in QuickBooks Online (QBO), Part 2
Company Settings If you’ve tried creating Inventory Items in QuickBooks Online (QBO) but have only been allowed to set up Services or Non-Inventory Items, you missed a step when you were completing your Company Settings. Click on the small gear icon in the upper right (next to your company name), then on Settings | Company […]
Creating Inventory Items in QuickBooks
Whether you’re selling unique items or stocking dozens of the same kinds of products, you need to create records for each. When it comes time to create invoices or sales receipts, your careful work defining each type of item will: Ensure your customers receive correct descriptions and pricing, Provide needed information about inventory levels, and […]