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Join nowI currently run 9 stores and use QuickBooks Enterprise desktop for them. Each is a separate company but they all sell the same goods. On occasion I will make a purchase from one of my stores because I have had it longer so I get better costs, but I will need to "sell" some of the goods to my other stores. How can I do this without it showing up on my Sales report? is it really even a sale? I don't want my sales inflated because I sold stock items to another store, I want it to be store #2's expense and COGS since they will be selling to the end user... Any thoughts on how I can do this in QuickBooks Enterprise D.T.
Hi there, Natalie C.
Since you have separate entities with inventory, you'll want to create a vendor and customer profile for each of the stores so you can manage to buy and sell.
To add a vendor:
To add a customer:
However, I'd still suggest consulting professional advice from your accountant to help you handle this type of situation. You can also find an accountant by clicking on this link: Find an accountant.
To give more information about managing inventory in QuickBooks Online, check out these articles:
I'm only a post away if you need me. I'm always here to have your back. Take care.
Just to clarify, why do you keep to manage up to 9 company files separately? If every store has a unique tax id, you have to talk to your accountant or tax consultant about the transfer pricing.
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