Improving Your Efficiency: Introducing QuickBooks’ Bundles and Reorder Points

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bundle is a group of items you can sell and track in QuickBooks®; you can group items you often sell together into bundles so you can easily add multiple items to transactions. For example, you can create a bundle called “Garden Fountain Bundle,” which consists of the items “Tradewind Fountain” and “Fountain Pump.”

Some other notes about bundles:

  • Bundles can have up to 50 items.
  • There is no additional markup or change in price for bundles (bundles aren’t assemblies). The price of a bundle = the total price of all its items.
  • You can’t track quantity on hand for bundles.

How to Create a Bundle

  1. Click Gear > Lists > Products and Services > New > Bundle.

2. Enter the bundle name, SKU, description and which products/services are included.

3. Choose whether you want to display bundle items when printing or sending transactions 

How to Add a Bundle to a Form

  1. Add a bundle just like any other item. Click Create (+) > Invoice to add the bundle to an invoice.

The form shows whether you chose to show/hide bundle items, either “Your customer won’t see any of the items in this bundle” or “Your customer will see all items in this bundle.” 

2. You can search for bundles by name or SKU like any other item.

3. Once you add a bundle to a form, you can add, edit and delete items. You can also discount the bundle.

Inventory Reorder Points

Chances are your business handles inventory. Every business owner knows that if you are out of stock when a customer wants to buy, you cannot fulfill the order promptly – and you may lose the sale.

Now, QuickBooks has the solution. Our new Inventory Reorder Point feature lets the business set a minimum quantity of a product to keep on hand. Then, when the on-hand quantity is at or below that threshold, QuickBooks reminds you to order more, as well as easily creates a purchase order to restock those items.

We’ve also improved inventory filter options and stock displays, reorder item details, and customization of the physical inventory report. With these new features, you can gain real insight into your inventory levels and cash flow. It takes the worry out of counting inventory. Plus, you’ll have the products available when a customer wants to buy.

How to Set a Reorder Point:

You can set a reorder point when you add an inventory item to QuickBooks. To set it for an existing item:

  1. Click the Gear icon > Products and Services.
  2. Find the inventory item in the list.
  3. In its Action column, click Edit.
  4. In the Reorder point field, enter the minimum quantity you want to have on hand. When the quantity on hand drops at or below the reorder point, QuickBooks reminds you to order more.
  5. Click Save and close.

Use Reorder Points:

After you set reorder points for your inventory items, use the Products and Services list to see what’s low or out of stock, and order what you need.

  1. Click the Gear icon > Products and Services.
  2. Filter the list as needed:
  • To see which items are running low, click the Low Stock icon. QuickBooks considers an item to be running low when its quantity on hand is either at the reorder point or between the reorder point and 1 item.
  • To see what’s out of stock, click Out of Stock. A product is out of stock when its quantity on hand is zero or below.

3. To reorder a single product:

  • In its Action column, click the drop-down arrow and click Reorder. QuickBooks creates a purchase order with the product info filled in.
  • Complete the purchase order as needed and send it to your vendor.

To reorder multiple products at once:

  • Select the products you want to reorder.
  • Click Batch actions and click Reorder. QuickBooks creates a single purchase order (PO) with the product info filled in.
  • Complete the purchase order as needed and send it to your vendor.

Visit the QuickBooks Online blog often for product updates and articles to help you run your business.