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Experienced Member

An easy way to simplify inventory?

I have a client was more involved with his company in the beginning and would use the item list of expenses to keep track of the inventory. Problem is, he hasn't been doing it this year. I've been finding it difficult to itemize all the inventory on the receipts as they are not very descriptive and I'm not a mechanic. Is it possible to add an inventory item for "general materials" that I can put all the inventory items that are unknown to me in and then adjust it at the end of the year? He still wants to put the individual items that he uses on the invoices. Is there a way this is possible to keep track of his mark-up?

 

Thanks!

1 Comment
QuickBooks Team

Re: An easy way to simplify inventory?

Hi there, @Buttons123!

 

You can pull up and customize your Products Services List report so you can track your item's mark up. I'll be happy to help you accomplish this.

  1. Go to Reports.
  2. Enter Products/Services List in the Search address.
  3. Select your report and open it.

From there, you'll be able to identify all your inventory items and its corresponding mark up.

 

This way, you'll also be able to identify which inventory items you'll need to adjust by the end of the year.

 

Lastly, you can also read this article which can be your guide for any future tasks: How to Edit an Inventory Quantity Adjustment?

 

It'll be always my pleasure to help if you have any other questions. I'll be keeping an eye for your response.