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L
lovers
January 27, 2022
Question

Inventory

  • January 27, 2022
  • 1 reply
  • 0 views
A Jewellry store has inventory, and buys small Jewelry boxes to put rings, necklaces etc in to for the client. These are given away with the purchase. They do not put a cost on the boxes, but wish to keep an inventory count of when it is recieved and given away. Is there a way to recieve the boxes and reduce the amount without creating an invoice or receipt as the cost is expensed but not included in the sale. Hope this make senses

    1 reply

    T
    Trish_TQuickBooks Team
    QuickBooks Team
    January 27, 2022

    Hi lovers,

     

    Thanks for reaching out here.  QuickBooks is a powerful program that enables you to get your work done faster.  It's essential that you're recording the complimentary boxes for your items with confidence.  I'll be happy to provide more information so you're on the right track with your work!

     

    You can adjust the inventory to keep your books aligned.  However, it's best to reach out to your accountant for advice before making any adjustments to the inventory quantity or value.  If you don't have an accountant, we can assist with locating a ProAdvisor in your local area.

     

    If you have any other questions, please feel free to reach back out.  We'd be glad to assist!

     

     

    L
    loversAuthor
    January 27, 2022

    NOT ACCEPTED AS A SOLUTION.  YOU DIDN'T EVEN CONSIDER A REASONABLE ANSWER,  THIS HAS TO DO WITH JUST KEEPING TRACK OF BASICALLY A NON INVENTORY ITEM, WITH OUT VALUE.  IT IS NOT AN ACCOUNTANT QUESTION.  MAYBE I SHOULD HAVE SPECIFIED NON INVENTORY ITEM IN QUICKBOOKS DESKTOP ENTERPRISE EDITION.   

    T
    Trish_TQuickBooks Team
    QuickBooks Team
    January 27, 2022

    Hi there. 

     

    Thanks for reaching back out for recording the items provided to your customers at no charge.  One of the many benefits of QuickBooks is having additional options for your bookkeeping tasks.  In addition to the information previously provided, another option would be to make a general journal entry for the date you gave out the product to your customer with the sale.

     

    If you require additional assistance, please contact us.  It would be a pleasure to work with you in real time and ensure you reach your QuickBooks goal!

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