Quickbooks Online question for a manufacturing company. We are selling a new product line, in which we are purchasing component parts. My first question is how do we enter the component parts. Do we enter them as Inventory items or Non-Inventory items? If we enter them as Inventory items, do we enter these components as Raw Materials?
When we receive these components, they come as entire units. We need to cut material to make the final product. So, do we manipulate the invoice to reflect the amounts in inches or feet?
Finally, how do we transfer from Raw Materials to Finished Goods?