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Buy nowOur company will be migrating to QuickBooks Online Advanced over the next few weeks. I am aware that QBO Advanced does not offer Purchase Clearing Account functionality. This is something I definitely need to create a workaround for. I need a way to receive inventory and service POs to a holding account of some sort while awaiting the bill and bill matching process. We have some vendors that ship us raw materials but we can sometimes not recieve their bill for weeks. I have to receive the inventory or service upon completion or receipt.
Does anybody have a workaround they have developed? Any suggestions are greatly appreciated.
Thanks,
Steve
Hello, Steve.
Let me share some insights about purchase clearing.
I understand that you're facing an issue with the purchase clearing account functionality in QuickBooks Online Advanced. While this functionality may not be available at the moment, I suggest sending your Feedback to help improve your overall experience. This will allow us to work towards implementing the feature in the future and making QuickBooks Online Advanced even better for our users. Here's how:
1. Select the Gear icon, then choose Feedback.
2. Enter your comments or product suggestions.
3. Select Next to submit.
Moreover, to receive inventory and service POs to a holding account of some sort while awaiting the bill and bill matching process, I suggest integrating a third-party app with your QuickBooks Online.
Here's how:
You can also visit this page if you want to customize a report to show specific data in QuickBooks: Customize reports in QuickBooks Online.
Suppose you have further questions regarding purchase account clearing. You can comment below, and we'll respond to you as soon as possible.
You said raw materials. Keep in mind, QBO doesn't offer the assembly feature. If you are running a manufacturing company or workshop, you should have a manufacturing app to integrate with QBO.Otherwise, you should stick with QB Desktop.
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