Hi, I am helping a fast-growing small business with their QB Desktop for Manufacturing (hosted with Right Networks). I have QB and accounting experience, but not in manufacturing.
In a nutshell, the company works like this: product is manufactured from outside vendors and shipped to the warehouse. We receive the inventory, then some is sold directly by us, some is shipped off and sold on Amazon, through a 3rd party. We are not paid until the shipped inventory is sold on Amazon. I would like to help them track which inventory is in house, versus which is available to be sold via our resellers (Amazon is our biggest reseller, but we have others).
Currently, the company is managing their inventory (though not very well) outside of QB, in spreadsheets. Please tell me there is a way to use QB for this.
Solved! Go to Solution.
I can share a couple of info and steps to ensure you can track inventory in QuickBooks Desktop, @JessiePoo.
All QuickBooks Desktop versions are capable of tracking inventory. To accomplish this, let's ensure to turn on the inventory feature on the Preferences page. Let me guide you how:
Once done, you can now start adding your inventory items. To successfully track them, you'll need to understand how QuickBooks handles inventory assets. For more info, please check out this article: Understand inventory assets.
If you're using QuickBooks Desktop Enterprise, you can enable the Advanced Inventory feature. This lets you can track inventory stored at different sites or locations. For more insights, please refer to this article: Set up Advanced Inventory.
Also, you can pull up the Inventory Stock Status by Item report to keep track of the items on hand, available items to sell, etc. Just go to the Reports menu, select Inventory, and then choose the said report from there. Please see the screenshot below for visual reference:
If you notice some discrepancies, you can run some inventory-related reports to fix them. For more details, please review this resource: Run Balance Sheet and Inventory/Stock Valuation reports.
Feel free to tag my name if you need further help. I'd be glad to help once more. Wishing you and your business continued success.
Hello again, @JessiePoo.
QuickBooks integrates with hundreds of third-party apps, in which we can't provide a specific third-party application. To view a wide range of options, use specific keywords to narrow down the search. You can check the reviews from other customers to help you decide which app suits your business type and needs. Visit our MarketPlace website to search for applications.
Our developers periodically update and release new features for QuickBooks Desktop. They might change how this works in the future. I'd encourage to visit the What's New section on your QuickBooks Desktop, to be updated with our latest news and updates including product improvements or open this link to view our product update blogs.
In case you need help with other processes and workflows in QuickBooks Desktop, feel free to visit its articles. Check them here and look for a specific topic.
If you've got any questions when syncing your data, let me know by commenting below. I am here to help. Have a nice day.