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Michael77
Level 2

Labels for containers sold

Hello to all and we hope all is safe! 

 

I purchased labels to be put on product I buy from one of our vendor for private labeling and sent them to my vendor to add the labels onto our products. I have added the labels into our system, but since they are not an inventory item (at least I didn't make them that way) how can I keep track of them when vendor sends them out to our customers?   Do I add them on as a Subitem of ?  If not could you please explain where and how to keep track of them so I know when it is time to order more labels plus it goes against money being spent for these labels.

Solved
Best answer April 02, 2020

Best Answers
MariaSoledadG
QuickBooks Team

Labels for containers sold

Hi Michael77,

 

You can add the total cost of labels when purchasing the product. Then, enter them as an inventory item with zero price and cost. Let me walk you through with the steps.

 

To add the total cost of labels:

  1. Click Vendors on the upper menu.
  2. Select Enter Bills.
  3. Go to the Expenses tab, enter the item, quantity, amount.
  4. Click Save & Close.

Once done, edit labels to an inventory item. Please follow the steps below:

  1. Click Lists on the menu.
  2. Select Item List.
  3. On the Item List window, select Item then Edit
  4. Change the product type to Inventory Part.
  5. Under the Cost and Sales Price field, enter a zero amount.
  6. Click OK to save the item.

You'll also be able to use the reorder feature to keep track of labels.

 

Here's an article to give you more information about inventory in QuickBooks: Advanced Inventory.

 

For future reference, you can run these reports for any discrepancy of inventory items: Balance Sheet and Inventory/Stock Valuation Reports.

 

Please let us know if you have any other questions. I'll always make sure to help.

View solution in original post

4 Comments
MaryLurleenM
Moderator

Labels for containers sold

Hello there, Michael77,

 

You'll want to track your product labels as non-inventory part. This will let you track your purchased items.

 

Here's how:

  1. Click Lists on the menu.
  2. Select Item List.
  3. On the Item List window, select Item then New.
  4. Select Non-inventory Part.
  5. Fill in the item fields.
  6. Click OK to save the item.

Check this article to learn more: Add, edit, and delete items.

 

Let me know if there's anything else I can help you with.

Michael77
Level 2

Labels for containers sold

Thank you, Mary, But I guess I should have said we have been using QB since 2008.  I know how to do that what you said, but what I am looking for is this.

I have had labels printed (of course paid for them and the shipping to our vendor) and having one of our vendors add them onto the products we buy from them so it is private labeling for us. I would like to know how do I put the labels into QB as an expense towards each product were buying and reselling plus also keep track of the 200 labels for each product so we know when to reorder labels and apply that cost towards that product?  I know the labels aren't much money, but still that takes away from our bottom line for each product. 

MariaSoledadG
QuickBooks Team

Labels for containers sold

Hi Michael77,

 

You can add the total cost of labels when purchasing the product. Then, enter them as an inventory item with zero price and cost. Let me walk you through with the steps.

 

To add the total cost of labels:

  1. Click Vendors on the upper menu.
  2. Select Enter Bills.
  3. Go to the Expenses tab, enter the item, quantity, amount.
  4. Click Save & Close.

Once done, edit labels to an inventory item. Please follow the steps below:

  1. Click Lists on the menu.
  2. Select Item List.
  3. On the Item List window, select Item then Edit
  4. Change the product type to Inventory Part.
  5. Under the Cost and Sales Price field, enter a zero amount.
  6. Click OK to save the item.

You'll also be able to use the reorder feature to keep track of labels.

 

Here's an article to give you more information about inventory in QuickBooks: Advanced Inventory.

 

For future reference, you can run these reports for any discrepancy of inventory items: Balance Sheet and Inventory/Stock Valuation Reports.

 

Please let us know if you have any other questions. I'll always make sure to help.

View solution in original post

Michael77
Level 2

Labels for containers sold

Thank you!!!!!!!!!!!!

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