QuickBooks Online Inventory now includes Bundles! Have you ever wanted to sell your products by grouping them into a package and then selling it with a discounted amount? Well, now you can.
If selling your products in a group, package or Bundle, QuickBooks Online Inventory Bundles offers a simple way to group together products and services.
Bundles save time when you create a sales transaction. Instead of entering each product or service as a separate line item, you can ‘bundle’ together the services and products and then name it (e.g. Puppy Kit).
When recording the sale via your invoice, choose the Bundle name on the sales form and QuickBooks Online will add the associated Bundled items automatically.
Bundles are only available in QuickBooks Online Plus.
Here are some reasons why you may want to set up Bundles in QuickBooks Online.
The options are endless!
Now let’s walk through the process.
You need to ensure the inventory is turned on. Go to the gear icon > Company settings > Sales > Products and Services > select Track inventory quantity on hand.
Set the Products and Services list items in Product/Service > New Item.
For more information, read my blog on recent Inventory updates.
You’ll see Bundles as a new option when you go to add an item to the Products and Services list.
Then:
1. Click the gear icon > Products and Services.
2. Click New.
3. Click Bundle.
4. Enter a name for the Bundle.
5. To track the Bundle by SKU, enter SKU.
6. Add an image to the Bundle:
1. Click the edit icon
2. Find the image
3. Click Open
7. Enter the description that customers see on sales forms.
8. If you want to show your customers the individual items the Bundle contains on your invoice:
1. Select Display Bundle components when printing or sending transactions.
2. Otherwise, your customers see the name of the Bundle ONLY, not the items in it.
9. Enter the products and services you want to include in the Bundle. Change the quantity for each product or service as needed:
1. A Bundle can contain up to 50 products and service.
2. However, a Bundle cannot contain another Bundle.
10. Click Save and new to create another Bundle, or click Save and close if you’re done.
The rate for the Bundle is the sum of the rates for each of the component items, multiplied by the quantity for each of the items (e.g. puppy walking leads x2 less the discount).
In the below example, I want my package to be $250.00 excl. GST.
Note: When setting up your invoice template, only the Airy template will allow you to add the SKU column in the Invoice.
In the next example, the selection box ‘Display bundle components when printing or sending transactions’ has not been chosen, and only the name of the Bundle and Sales information description will be seen on the customer’s invoice.
In the next example, the ‘Display bundle components when printing or sending transactions’ has been selected, and all the individualised products will be seen on the invoice going out to the client. The Invoice template is Airy as we chose to view the SKU numbers.
You can edit the Bundle inside the invoice after it is selected in the sales transaction. Changes made will not affect the Bundle products/services and price, and amend the quantity of the same Bundle being sold if selling more than one.
If selling more than one Bundle, or if individual items need to be added in the same invoice, select ‘Add a subtotal’ after the last line item.
A discount item could also be added to the next line after the subtotal if you do not have the Bundle discounted, as per the example below.
This new feature is a win-win. I mainly like the idea of having the Bundles grouped together and also being able to add a discount to provide the package price.
No matter what type of business you run, Bundles are a great addition to Inventory in QuickBooks Online.
To read more articles related to product updates, visit here.
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