Does QB invoice from inventory in order of PO date received?
For example, if I bring in an item at one cost and receive into inventory, then bring in the same item but cost went up so it will be received at a higher cost. I now have the same item at 2 different costs. When I invoice a customer, will it pull from inventory in order of date received? Will it deplete the lesser cost first?
Does QB invoice from inventory in order of PO date received?
Hello there, AmandaEQ.
I'm here to share some insights about the inventory.
QuickBooks Desktop calculates the value of your inventory by taking into account the cost of each item as well as the total quantity of items in stock. This is known as the weighted average cost method, and it is the preferred method used by QuickBooks Desktop instead of the FIFO method.
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.
