QuickBooksHow to Set Up Inventory in QuickBooks?

August 28, 2019by jsxCs5YWxv0

Inventory items are those that your business has in stock; for example, if you are a Medical store, you can easily track our 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. So, you have the option of adding inventory items to QuickBooks for tracking purposes. After creating inventory parts in QuickBooks you easily turn on inventory tracking, you can easily set up inventory parts without in QuickBooks. In QuickBooks, we set up multiple inventories in a one time in the form of the batch. 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. Open the QuickBooks programs.
  2. Click on “List” in the menu and select “Items list”.
  3. Click on “Items ” from the bottom menu and select “New” for the new record.
  4. Choose “Inventory part” and fill all the information.
  5. Continuously, fill all the information those requested by part for adding the purpose of new inventory and then click “Ok” Button.

Add Non-Inventory in QuickBooks by learning the following steps:

  1. Click “Items & Services” and click on “Item” Button.
  2. Click “New” to open the New Item window and select “Non-Inventory Part” in the drop-down  menu
  3. Enter the non-Inventory item in the “Item Name/Number” text box, then select the account to which you want to link the item from the Account drop-down menu.
  4. Fill all remaining information on the form as needed by the window part, and click the “OK” Button add to the non-inventory part.

Inventory Tracking: 

All the Inventory records of the Online Business recorded by Quickbooks. And Inventory tracking is the main objective of customers or 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 in time to time then the company becomes a reputed. By the Inventory, tracking finds the business standing position.

How to track Inventory parts:

  1. Click on  QuickBooks setup and open it.
  2. Click on “Edit” and select “Preferences.”
  3. Then click “Items and Inventory” and then select the“Company Preferences” option.
  4. Choose ”Inventory and purchase orders are active” to enabling inventory tracking and then click “OK” Button.  
  5. Click “Items & Services” and click on “Item” Button.
  6. Select “New” and then select “Inventory Part” from the drop-down list.
  7. Enter inventory item name in the “Item Name/Number” text box. Click the “Income Account” drop-down list and select the account you want to use to track income from this inventory item.
  8. Fill all remaining information on the form as needed by the window part, and click the “OK” button to create the inventory part.

We hope that you learned to set up inventory in QuickBooks through this post. If still unable to do so, call our QuickBooks Online support number to get help for your query.

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