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Mkastainless
Level 1

Inventory management

I currently use Quickbooks Pro 2014 and want to upgrade to a product that will help me to manage my inventory better.  We buy and keep track of many different items.  I send certain items out to our fabricators to manufacture larger items that we sell to our customers.  When the fabricator invoices me for an item, I can keep track of this "new" item that I will then sell.  The problem is keeping track of all of the little items that I sent to the fabricator to make the bigger item.  I have been having to go back and manually reduce each of these items when i sell one big item.  

 

My question is this...Is there a way that Quickbooks can automatically reduce the inventory of these smaller items every time I sell a bigger one?  

2 Comments 2
Michael K
Moderator

Inventory management

Hi there, @Mkastainless. I'm here to help you out with a solution for your business.

 

Our QuickBooks Desktop Enterprise Suite offers Advanced Inventory tracking that will allow you to track the receiving and selling of your inventory. To reduce the inventory amount when you sell items, I recommend tracking that on invoices by adding them as line items.

 

Here's a great page on Advanced Inventory Tracking in QuickBooks Desktop Enterprise: Take control with Advanced Inventory

 

I'm only a reply away if you have any other questions. Cheers to a safe and productive week ahead.

ScriptDawg
Level 4

Inventory management

If you use QBO’s there are tools on the QuickBooks app store that can integrate with your QB account, so you can track your inventory and push your finances to QBs.   

Katana Smart Manufacturing Software has a multi-location inventory feature, so you can easily track your inventory as it travels between different warehouses and contract manufacturers (or your fabricators).   

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