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Level 2

Inventory

We purchase wood to transform into flooring. The raw wood material is the only material involved in the process. We have various other labor items.

How should I handle the inventory? When I purchase the material, where should I put it? How should I deplete the material when I produce the final product? I'm not sure that an inventory assembly is the right way to go since I only use one item besides the labor.

I use Desktop Premier

Solved
Best answer 03-04-2020

Best Answers
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QuickBooks Team

Inventory

Hi there, @bf49er

 

Thanks for providing detailed information on your concern. Though you only have the raw wood as your material, you can still use the inventory assembly so you can include the labor costs or track the item using inventory parts. 

 

Here's how to turn on inventory tracking: 

 

  1. In the Edit menu, select Preferences.
  2. Choose Items & Inventory, then select the Company Preferences tab.
  3. Click Inventory and purchase orders are active.
  4. Choose Warn if not enough inventory to sell. Then, choose which type of warning you want to see. If you're using a unit of measure to track products, select Enable in the UNIT OF MEASURE section. 
  5. Click OK.

 

For more detailed steps, refer to this help article: Track the products you manufacture. It helps you learn about setting up your product components and more. 

 

Feel free to message again if you have additional questions. We're always delighted to assist. 

 

View solution in original post

1 Comment
Highlighted
QuickBooks Team

Inventory

Hi there, @bf49er

 

Thanks for providing detailed information on your concern. Though you only have the raw wood as your material, you can still use the inventory assembly so you can include the labor costs or track the item using inventory parts. 

 

Here's how to turn on inventory tracking: 

 

  1. In the Edit menu, select Preferences.
  2. Choose Items & Inventory, then select the Company Preferences tab.
  3. Click Inventory and purchase orders are active.
  4. Choose Warn if not enough inventory to sell. Then, choose which type of warning you want to see. If you're using a unit of measure to track products, select Enable in the UNIT OF MEASURE section. 
  5. Click OK.

 

For more detailed steps, refer to this help article: Track the products you manufacture. It helps you learn about setting up your product components and more. 

 

Feel free to message again if you have additional questions. We're always delighted to assist. 

 

View solution in original post

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