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Cyrus_Gilbert-Rolfe
Level 1

Manufacturing from raw material to finished item

We make bottled cocktails and sell them. As a result, we:

  • buy raw materials inventory from our wholesalers - for example, gin, vodka, etc.
  • manufacture cocktails and put them into inventory - for example, 150 x Espresso Martini 500ml
  • sell drinks via multiple wholesale and retail channels, with different pricing per channel

 

I don't see how to use QBO inventory to track this? Please could someone share some guidance?

 

Thanks so much

 

 

Cyrus

4 REPLIES 4
Giovann_G
Moderator

Manufacturing from raw material to finished item

Thanks for reaching out to us, Cyrus.

 

I'll share some information about tracking inventory in QuickBooks Online.

 

Bundling the item is the best way to track finished goods and raw materials. First, you'll have to create inventory items for your raw materials. 

 

Turn on the stock tracking:

 

  1. Go to Settings ⚙ and select Account and settings.
  2. Click Sales.
  3. Select Edit ✎ in the Products and services section.
  4. Turn on Show Product/Service column on sales forms.
  5. Turn on both Track quantity and price/rate and Track stock quantity on hand.
  6. Once done, hit Select Save and then Done.

 

Add stock items:

 

  1. Go to the Sales menu, then the Products and services tab.
  2. Select New, then choose Stock.
  3. Add your desired name under the Name field and fill in all the necessary information.
  4. Once done, hit Save and close.
  5. Repeat the same process for the rest of your raw materials.

 

Once everything is set, you can create a bundle item for your finished product.

 

Here's how:

 

  1. Go to the Sales menu, then the Products and services tab.
  2. Click New, then select Bundle.
  3. Add those raw materials for the finished product.
  4. Once done, hit Save and close.

 

To learn more about setting up and tracking inventory in QuickBooks Online, you can read the resources listed below for your reference:

 

 

Selling the finished product to multiple channels with different pricing isn't possible in QuickBooks Online. As an alternative, you can look for any third-party application that has these capabilities. Go to the Apps menu to find one.

 

To provide you with further information, I've included a few articles you can use to track the status of the sales transactions and edit them within the page:

 

 

If you need further assistance, please let us know. You're always welcome to post again or leave a reply below. Have a great day.

Fiat Lux - ASIA
Level 15

Manufacturing from raw material to finished item

@Cyrus_Gilbert-Rolfe 

QBO doesn't offer any assembly feature. Consider having a 3rd party app to do so.

RaptorResins
Level 3

Manufacturing from raw material to finished item

Yes they do. It's called BUILD ASSEMBLIES

4Gal
Level 11

Manufacturing from raw material to finished item

@RaptorResins 

Does your QB Online account support Build Assemblies? As I know we have to use a 3rd party app to do so.

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