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September 2, 2022
Question

Receiving Inventory

  • September 2, 2022
  • 1 reply
  • 0 views

Simple question I hope.  We raise both sheep and cattle.  I just bought some alfalfa hay that will mostly be fed to the sheep, but some may go the cows.  I want to track the costs to each species.  So, if I enter that hay into inventory, what type of item is it, inventory part or non-inventory part (or something else)?  Then, as I feed it out how do I track it?  

 

TIA

1 reply

AlcaeusF
Level 14
September 2, 2022

Hi, @klong82

 

I'm here to provide details about tracking inventory in QuickBooks Desktop (QBDT).

 

For your first question, since you don't resell the hay, you can choose the Non-Inventory Part as the Item Type. Here's how to do it:

 

  1. In QBDT, go to the Lists menu at the top, then Item List.
  2. On the Item List window, select Item, then New.
  3. Choose Non-Inventory Part as the Item Type.
  4. Enter the other necessary information in the desired fields.
  5. Hit Save to complete.

 

For more information about managing and entering new inventory in QBDT, consider checking out this article: Add, edit, and delete items.

 

For the second question, you can process an inventory adjustment (quantity on hand). This is how you track the decrease or increase in product quantity that isn't a sale or purchase.

 

For the detailed steps on how to do it, please refer to this article: Adjust your inventory quantity or value in QuickBooks Desktop.

 

I also recommend visiting our website for more tips and other resources you can use in the future: Self-help articles.

 

Please let me know if you have more questions about inventory or anything else QuickBooks by leaving a comment below. I'll be here to answer them. Keep safe.

November 18, 2024

Do you always have to do a purchase order to receive the inventory?  Can you do a bill for the purchase if you don't use purchase orders?  I want to not use a purchase order, and do the bill only for inventory.