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If I make an assembly to sell and then customer doesn't want can I disassemble it so all pieces go back into inventory? And if I dissemble does it affect prior financials?
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I'll help you in handling your inventory assemblies, Liftco.
Yes, you can do that. In QuickBooks Desktop, you'll have the option to disassemble your finished goods. There are two ways of doing this. You can unbuild assembled inventory if you want to return its component to your stock. On the other hand, you can create adjustments if you no longer reuse its parts.
Here's how to unbuild:
If you want to create adjustments without affecting your stock or component. Please follow the steps in this article: Adjust your inventory quantity or value in QuickBooks Desktop. Here you can find the steps to process the adjustment. Before doing such changes, I'd suggest reaching out to your accountant for proper action to take since this affects your prior financials and to ensure that your books are accurate.
For more insights, feel free to visit this helpful material: Track the products you manufacture. This contains complete details on managing your inventory in QuickBooks Desktop.
I'll be here to help you if you need further assistance managing your inventory or assembly product. Have a great day!
I'll help you in handling your inventory assemblies, Liftco.
Yes, you can do that. In QuickBooks Desktop, you'll have the option to disassemble your finished goods. There are two ways of doing this. You can unbuild assembled inventory if you want to return its component to your stock. On the other hand, you can create adjustments if you no longer reuse its parts.
Here's how to unbuild:
If you want to create adjustments without affecting your stock or component. Please follow the steps in this article: Adjust your inventory quantity or value in QuickBooks Desktop. Here you can find the steps to process the adjustment. Before doing such changes, I'd suggest reaching out to your accountant for proper action to take since this affects your prior financials and to ensure that your books are accurate.
For more insights, feel free to visit this helpful material: Track the products you manufacture. This contains complete details on managing your inventory in QuickBooks Desktop.
I'll be here to help you if you need further assistance managing your inventory or assembly product. Have a great day!
Hello -
I just started with a company and we have open "Build Assemblies" that were shipped out last year and parts are still being "Reserved for Assemblies" for this order. How do I close these "Build Assemblies" so that parts are not being "reserved" for orders already shipped and Invoiced? I don't want to affect anything on the accounting side, I just make sure our inventory is accurate.
Moving forward, what is the proper step to complete the assembly so that they close when invoiced?
Thank you!
Theresa
I can help you keep your inventory accurate, Theresa.
To prevent parts from being reserved for orders that have already been shipped and invoiced, you can close the Build Assemblies by adjusting their quantity. This will automatically return the components to the stock. Let me guide you how.
Moreover, you can combine your inventory items to build finished goods (assemblies) to complete the assembly and close it when invoiced.
In case you encounter any negative inventory issues, you can follow the steps outlined in this article: Fix negative inventory issues in QuickBooks Desktop.
Feel free to ask me if you need further assistance with managing your inventory. It's my pleasure to help you. Stay safe!
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