QuickBooksHow to Set Up Inventory in QuickBooks?

August 28, 2019by J.Smith0

Inventory items are those that your business has in stock. In this, we are going to discuss how we can set up inventory in QuickBooks. let’s take an example, if you have a medical store, you can easily track your medicine with the help of a unique number or scanning barcode that has printed on medicine and you can easily find out all the information about any medicine. By this software, you can easily make a record of your tracked inventory like which type of inventory is left out by this app you can easily make a prediction for the future for the development of your business. You can also get help through our QuickBooks customer service if you are in a hurry and don’t want to do this by yourself.

Set up Inventory in QuickBooks:

  1. First, you have to open the QuickBooks programs.
  2. Click on the List in the menu-bar
  3. then, select the Items list.
  4. After selecting the item list, click on the Items from the bottom-menu and select New for the new record.
  5. Select the Inventory part and fill all the required information.
  6. add the purpose for new inventory and then click Ok Button.

How to add Non-Inventory in QuickBooks by following these steps:

  1. select the Services & item and then click on the item button.
  2. click on the new button after opening the new item window
  3. select the non-inventory part in the menu.
  4. enter all the non-Inventory items in the item detail box,
  5. select the account to link the item from the account menu.
  6. In last you have to fill all the required details which the system wants and after that
  7. Smash the Submit Button.

Inventory Tracking: 

All the Inventory records of the Online Business recorded by QuickBooks. The main objective of Inventory tracking is customers and service providers. If you have a small or large company, it is very important to keep track of your inventory. Because tracing the record of our inventory will make it easy for your accountant to prepare a Taxes. All the company does work on Customer satisfaction. And the fulfillment of needs of customers from time to time then the company becomes a reputed.  in the inventory, if you track your inventory then you can also find your business standings.

How to track Inventory parts:

  1. Click on the QuickBooks setup option and let it open.
  2. select the edit after that select preferences.
  3. Then click on Items and Inventory after that
  4. select the company preferences option.
  5. choose the inventory and purchase orders to enabled the inventory tracking and then
  6. smash ok button.  
  7. elect the items & service and click on Item button.
  8. do select new and then
  9. select the Inventory Part from the drop-down list.
  10. Enter the inventory item name  and fill all the detail. click on the income account” drop-down list and select the account you want to use to track income from this inventory item.
  11.   If still unable to do so, call our QuickBooks Online support number to get help for your query.

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